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A firm has a return on equity of 21 percent. The total asset turnover is 2.0 and the profit margin is 9 percent. The total

A firm has a return on equity of 21 percent. The total asset turnover is 2.0 and the profit margin is 9 percent. The total equity is $7,400. What is the net income?

Multiple Choice

$1,554
$1,332
$666
$777
$3,108

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