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Y3K, Inc., has sales of $4,600, total assets of $3,045, and a debt-equity ratio of 1.20....

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

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