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3K, Inc., has sales of $7,575, total assets of $3,575, and a debtequity ratio of .44. Assume the return on equity is 12 percent. What

3K, Inc., has sales of $7,575, total assets of $3,575, and a debtequity ratio of .44. Assume the return on equity is 12 percent. What is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $

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