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Shelton, Inc., has sales of $17 million, total assets of $15.9 million, and total debt of $8.8 million. Assume the profit margin is 6 percent.
Shelton, Inc., has sales of $17 million, total assets of $15.9 million, and total debt of $8.8 million. Assume the profit margin is 6 percent.
What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.)
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