What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number.
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THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 – 5. Quiz Company reported the following information for the last year. Sales $4,000,000 Cost of goods sold 2,100,000 Gross margin 1,900,000 Operating expenses 1,100,000 Operating income 800,000 Income taxes (40%) 320,000 Net income $480,000 Quiz Company began the year with operating assets of $2,700,000. At year end, operating assets were $2,300,000. Quiz Company’s required rate of return was 15%, and the cost of capital was 12%. Total capital employed during the year was $1,400,000. Determine residual income (RI) for the year. Note: Give your answer using dollar signs and commas but not decimal points (cents). Example: $12,345
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LeapFrog Enterprises Inc. had the following quarterly net incomes during its 2009 fiscal year. (Source: Yahoo Finance) $$ \begin{array}{|c|c|} \hline \text { Quarter of Fiscal 2009 } & \text { Net Income (in millions) } \\ \hline \text { First } & -27.1 \\ \hline \text { Second } & -12.2 \\ \hline \text { Third } & 7.2 \\ \hline \text { Fourth } & 29.4 \\ \hline \end{array} $$ What was the total net income for fiscal year $2009 ?$
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Net revenue (sales)​​$265 million Net earnings​​​$147m Total assets​​​$2,015m Total liabilities​​​$1,768m Total stockholder’s equity​$427m Profit margin on net sales
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