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Patriot Ale has $9 million in sales, its ROE is 14%, and its total assets turnover is 3. The company is 40% equity financed, and

Patriot Ale has $9 million in sales, its ROE is 14%, and its total assets turnover is 3. The company is 40% equity financed, and it has no preferred stock outstanding. What is its net income?

Group of answer choices $420,000 $1,260,000 $252,000 $792,000 $168,000

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