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Hello, can you please provide the answer on the following financial problem? Flitcroft Company's record have recently been destroyed by fire. Given the following bits
Hello, can you please provide the answer on the following financial problem?
Flitcroft Company's record have recently been destroyed by fire. Given the following bits of information saved from the inferno, determine Flitcroft's net income for the year:
Return on equity 22 percent
Assets/equity 2.167 times
Net Profit margin: 5.6 percent
Total assets: $650 million
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