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1 pts Question 11 Sorenstam Corp has an equity multiplier of 2 times, total assets of $4,000,000, a ROE of 17.5 percent, and a total

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1 pts Question 11 Sorenstam Corp has an equity multiplier of 2 times, total assets of $4,000,000, a ROE of 17.5 percent, and a total assets turnover of 3.1 times. Calculate the firm's net income. Round to the nearest dollars. $245,000 $196,875 $350,000 $386,538

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