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Problem 3 - 8 Profitability Ratios ( LG 3 - 4 ) In 2 0 1 8 , Jake's Jamming Music, Inc. announced an ROA

Problem 3-8 Profitability Ratios (LG3-4)
In 2018, Jake's Jamming Music, Inc. announced an ROA of 8.64 percent, ROE of 15.30 percent, and profit margin of 15.7 percent. The firm had total assets of $10.3 million at year-end 2018.
Calculate the 2018 value of net income available to common stockholders for Jake's Jamming Music, Inc. (Enter your answer in dollars. Round your answer to the nearest whole dollar.)
\table[[Net income,$2,710,416
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