Problem 3-27 Using the DuPont Identity [LO 3]

Y3K, Inc., has sales of $7,525, total assets of $3,550, and a debtequity ratio of .39. Assume the return on equity is 20 percent. What is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $