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Y3K, Inc., has sales of $5,783, total assets of $2,604, and a debt-equity ratio of .75. If its return on equity is 11 percent, what

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Y3K, Inc., has sales of $5,783, total assets of $2,604, and a debt-equity ratio of .75. If its return on equity is 11 percent, what is its net income? Total assets Sales Debt-equity ratio Return on equity 2,604 5,783 0.75 11% Complete the following analysis. Do not hard code values in your calculations. Profit margin Net income . ... Sheet1 ... + READY HH [E] I - -+ 100% Attempt(s) 1/3 Hint Step: Using the DuPont identity, the profit margin can be calculated as ROE divided by the quantity of total asset! turnover times the equity multiplier

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