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Y3K, Inc., has sales of $6,349, total assets of $2,965, and a debtequity ratio of 1.2. If its return on equity is 15 percent, what
Y3K, Inc., has sales of $6,349, total assets of $2,965, and a debtequity ratio of 1.2. If its return on equity is 15 percent, what is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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