A firm has sales of Tk. 750, total assets of Tk. 400, and a debt-equity ratio of 1.50. If the return on equity is 10%, what is the firm's net income?

A firm has sales of Tk. 750, total assets of Tk. 400, and a debt-equity ratio of 1.50. If the return on equity is 10%, what is the firm's net income? Correct Answer Tk 16

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