Save Submit Assignment for Grading Questions Problem 4.08 Question 3 of 17 Check My Work (5 remaining) Click here to read the eBook: Potential Misuses of Roe DUPONT AND NET INCOME Precious Metal Mining has $8 million in sales, its ROE IS 17%, and its total assets turnover is 4x. Common equity on the firm's balance sheet is 55% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps. $ O O Check My Work (5 remaining) 0-Icon Key