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Problem 3-2 Calculating Profitability Ratios (LO 2] Aquilera, Inc., has sales of $19.6 million, total assets of $14.6 million, and total debt of $5.4 million.
Problem 3-2 Calculating Profitability Ratios (LO 2] Aquilera, Inc., has sales of $19.6 million, total assets of $14.6 million, and total debt of $5.4 million. The profit margin is 9 percent. What is the company's net income? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $
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