Question: Question 3 (1 point) Given the following informtion: Long term assets = $350,000, Revenues = $1,200,000, Depreciation - $100,000, Short Term Assets = $300,000. Expenses

Question 3 (1 point) Given the following informtion: Long term assets = $350,000, Revenues = $1,200,000, Depreciation - $100,000, Short Term Assets = $300,000. Expenses = $950,000, Interest - $25,000, Short Term Liabilities = $100,000, Equity = ?, Long Term Debt = $400,000, Tax Rate - 30%, What is net income? a) None of these b) $225,000 Oc) $157,500 Od) $87,500 Oe) $375,500

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