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Y3K, Inc., has sales of $4,600, total assets of $3,245, and a debt-equity ratio of 1.60. If its return on equity is 14 percent, what
Y3K, Inc., has sales of $4,600, total assets of $3,245, and a debt-equity ratio of 1.60. If its return on equity is 14 percent, what its net income?
A. $644.00
B. $174.73
C. $123.26
D. $454.30
E. $51.47
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