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Which of the following is necessary to calculate the variable cost of production for the company to develop a profit model? a-quantity of item sold b-unit sale price c-fixed cost of production d-quantity of item produced

Lion Inc., has sales of $2492, total assets of $800, and a debt−equity ratio of 0.7. If its return on equity is 17%. What is Lion’s Net Income? Hint: Use the DuPont Model. (Round final answer to 2 decimal places. Do not round intermediate calculations).

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