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Y3K, Inc., has sales of $4,300, total assets of $3,335, and a debt-equity ratio of 1.10. If its return on equity is 16 percent, what

Y3K, Inc., has sales of $4,300, total assets of $3,335, and a debt-equity ratio of 1.10. If its return on equity is 16 percent, what its net income?

Multiple Choice

  • $57.02

  • $533.60

  • $197.07

  • $688.00

  • $254.10

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