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Questions : 10 Profitability Ratios A firm has sales of $12,600, total assets of $8,100, and a debt-equity ratio of 0.80. The return on equity

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Questions : 10 Profitability Ratios A firm has sales of $12,600, total assets of $8,100, and a debt-equity ratio of 0.80. The return on equity is 14%. What is the net income? Here are some formula hints. ROE= Net income Total equity TD=TA - TE Debt-equity ratio TA - TE TE 15

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