Question: 42
(Choose 1 answer)
Saunders, Inc., has a ROE of 18.7 percent, an equity multiplier of 2.53 times, sales of $2.75 million, and a total
assets turnover of 2.7 times. What is the firm's net income? Round your final answer to two decimal places.
A. $75,281.25
B. $514,250.00
C. $51,425.00
D. $7,528.10
