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A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin. A. 17.5%.
A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin. A. 17.5%. B. 28.0%. C. 62.5%. D. 160.0%. E. 68.2%
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
13th Edition
007232726X, 9780072327267
