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Y 3 K , Incorporated, has sales of $ 7 , 4 8 5 , total assets of $ 3 , 5 3 0 ,

Y3K, Incorporated, has sales of $7,485, total assets of $3,530, and a debt-equity ratio of .35. Assume the return on equity is 16 percent. What is its net income?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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