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Sloan Software Solutions reports the following financial details from its 2018 financial statements: Total debt of $300,000; Sales of $700,000; Equity Multiplier of 1.4; ROE

Sloan Software Solutions reports the following financial details from its 2018 financial statements: Total debt of $300,000; Sales of $700,000; Equity Multiplier of 1.4; ROE = 13.5%. What was the companys net income?

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