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You have the following information: Sales - $3,400 Profit Margin = 4% Total Assets = $3,100 Total Debt Ratio = 40%. How much net income

You have the following information:

Sales - $3,400

Profit Margin = 4%

Total Assets = $3,100

Total Debt Ratio = 40%.

How much net income does the firm generate for every $1 in equity?

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