Question: Problem 3-27 Using the DuPont Identity [ [O3] Y 3K, Incorporated, has sales of $7,485, total assets of $3,530, and a debt-equity ratio of 35

Problem 3-27 Using the DuPont Identity [ [O3] Y 3K, Incorporated, has sales of $7,485, total assets of $3,530, and a debt-equity ratio of 35 . Assume the return on equity is 16 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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