What is the amount of the net income, Finance Basics

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What is the amount of the net income

Problem:

A firm has a return on equity of 17 percent. The total asset turnover is 1.6 and the profit margin is 5 percent. The total equity is $5,200.

Required:

Question: What is the amount of the net income?

Note: Please provide reasons to support your answer.

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Finance Basics: What is the amount of the net income

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Finance Basics: What is the amount of the net income

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