Calculate net income given the following information: fixed asset turnover = 8 times; profit margin = 18.75%; net fixed assets = $30,000.
A) $42,000
B) $43,000
C) $44,000
D) $45,000
E) $46,000

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The Answer of Calculate net income given the following information: fixed asset turnover = 8 times; profit margin = 18.75%; net fixed assets = $30,000.
A) $42,000
B) $43,000
C) $44,000
D) $45,000
E) $46,000

Calculate Net Income Given the Following Information: Fixed Asset Turnover