A firm has a debt-equity ratio of .62, a total asset turnover of 1.24, and a profit margin of 5.1 percent. The total equity is $489,600. What is the amount of the net income?
A) $28,079
B) $19,197
C) $50,159
D) $40,451
E) $52,418

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The Answer of A firm has a debt-equity ratio of .62, a total asset turnover of 1.24, and a profit margin of 5.1 percent. The total equity is $489,600. What is the amount of the net income?
A) $28,079
B) $19,197
C) $50,159
D) $40,451
E) $52,418

A Firm Has a Debt-Equity Ratio of