Click here to read the eBook: Potential Misuses of Roe DUPONT AND NET INCOME Precious Metal Mining has $4 million in sales, its ROE is 10%, and its total assets turnover is 4x. Common equity on the firm's balance sheet is 80% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.