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Y3K, Inc., has sales of $4,300, total assets of $3,160, and a debt-equity ratio of 1.40. If its return on equity is 11 percent, what

Y3K, Inc., has sales of $4,300, total assets of $3,160, and a debt-equity ratio of 1.40. If its return on equity is 11 percent, what its net income?

Multiple Choice

  • $144.83

  • $347.60

  • $38.40

  • $106.44

  • $473.00

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