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Problem 3 - 3 Using the DuPont Identity Y 3 K , Incorporated, has sales of $ 6 , 2 6 9 , total assets

Problem 3-3 Using the DuPont Identity
Y3K, Incorporated, has sales of $6,269, total assets of $2,885, and a debt-equity ratio of 1.80. If its return on equity is 12 percent, what is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[Net income,$775,117.07
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