Ethelbert Inc. has sales of $5,366, total assets of $3,195, and a debt–equity ratio of 1.90. If its return on equity is 13 percent, what is its net income? (Round the intermediate calculations to 4 decimal places. Round the final answers to 2 decimal places. Please demonstrate your steps toward to your final answer. Only a number as your final answer will not yield full rewards)

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This is a multistep problem involving several ratios The ratios given a... View the full answer