Y3K, Inc., has sales of $4,600, total assets of $3,045, and a debt-equity ratio of 1.20. If its return on equity is 11 percent, what its net income?

• $51.47

• $152.25

• $334.95

• $506.00

• $100.78

Highly Suspect Corp. has current liabilities of $429,000, a quick ratio of 1.70, inventory turnover of 3.50, and a current ratio of 4.00. What is the cost of goods sold for the company?

• $1,677,390

• $6,006,000

• $729,300

• $1,233,375

• $3,453,450