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15 Tik-Tak Inc. has total assets of $104,000, sales of $60,620, and total equity of $68,000. Assuming the firm provides an 18 percent return on

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15 Tik-Tak Inc. has total assets of $104,000, sales of $60,620, and total equity of $68,000. Assuming the firm provides an 18 percent return on equity, calculate its profit margin (in percent): 20.19 (B) 20.25 (C) 22.59 24.24

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