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Joe Strong Co. has sales of 22,000, total assets of 18,000, an equity multiplier of 1.5, an ROE of 8%. Calculate the firm's net income.

Joe Strong Co. has sales of 22,000, total assets of 18,000, an equity multiplier of 1.5, an ROE of 8%. Calculate the firm's net income. Round to 2 decimals

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