Question: Please explain the solution to this general accounting problem with accurate explanations. Stellar Mining Corporation has $15 million in sales, an ROE of 15%, and

Please explain the solution to this general accounting problem with accurate explanations.

Stellar Mining Corporation has $15 million in sales, an ROE of 15%, and a total assets turnover of 3.5 times. Common equity on the firm's balance sheet is 50% of its total assets. What is its net income? Round the answer to the nearest cent

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