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20) Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The profit margin is: A) 25% B) 50%

20) Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The profit margin is: A) 25% B) 50% D) 12.5%. C) 8 times

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