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Neron Company reported the following. Sales $2,000,000 Cost of Goods Sold $700,000 Operating Expenses $400,000 Interest expense included in Operating Expenses $50,000 Income Taxes 40%

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Neron Company reported the following. Sales $2,000,000 Cost of Goods Sold $700,000 Operating Expenses $400,000 Interest expense included in Operating Expenses $50,000 Income Taxes 40% of income before tax Shareholders' Equity (Average) $20,000,000 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. a) Calculate net income. Net Income = $ b) Calculate the net profit margin. Net Profit Margin = % Calculate the times interest earned. Times Interest Earned = times d) Calculate the return on equity, Return on Equity = %

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