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Flitcroft Companys records have recently been destroyed by fire. Given the following bits of information saved from the inferno, determine Flitcrofts net income for the

Flitcroft Companys records have recently been destroyed by fire. Given the following bits of information saved from the inferno, determine Flitcrofts net income for the year. Please show your work.

Return on equity: 22 percent

Assets/equity: 2.167 times

Net profit margin: 5.6 percent

Total assets: $650 million

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