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Y3K, Incorporated, has sales of $7,495, total assets of $3,535, and a debt-equity ratio of, 36 . Assume the return on equity is 17 percent:

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Y3K, Incorporated, has sales of $7,495, total assets of $3,535, and a debt-equity ratio of, 36 . Assume the return on equity is 17 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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