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DTO, Inc., has sales of $28 million, total assets of $26.5 million, and total debt of $7.3 million. Assume the profit margin is 7 percent.
DTO, Inc., has sales of $28 million, total assets of $26.5 million, and total debt of $7.3 million. Assume the profit margin is 7 percent. |
a. | What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) |
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