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15 of 17 wuestions : 10 Profitability Ratios A firm has sales of $12,600, total assets of $8,100, and a debt-equity ratio of 0.80. The

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15 of 17 wuestions : 10 Profitability Ratios A firm has sales of $12,600, total assets of $8,100, and a debt-equity ratio of 0.80. The return on equity is 14%. What is the net income? Here are some formula hints. Net income ROE Total equity TD=TA - TE TA - TE Debt-equity ratio = TE 15

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