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A firm has total assets of $53 million. It has gross profit of $12 million, operating income of $8.5 million, and net income of $4

A firm has total assets of $53 million. It has gross profit of $12 million, operating income of $8.5 million, and net income of $4 million. What is the firm's net profit margin?

A.7.5%

B.16%

C.22.6%

D.33.3%

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