Based on the information given the net income is $163.66.
First step:
Profit margin = [(ROE)(Total asset)] / [(1 + Debt equity ratio)(Sales)]
Profit margin = [(.11)($2,604)] / [(1 + 0.75)( $5,783)]
Profit margin = 286.44/(1.75) ($5,783)
Profit margin = 286.44/10,120.25
Profit margin = .02830
Second step:
Profit margin = .02830 = Net income / Sales
Net income = .02830($5783)
Net income = $163.66
Inconclusion the net income is $163.66.
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