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A firm takes 20 days to collect credit sales on average. The average accounts receivable for the firm is currently $3,000,000. If the net income

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A firm takes 20 days to collect credit sales on average. The average accounts receivable for the firm is currently $3,000,000. If the net income for the firm is $4,000,000, what is the net profit margin for the firm? 5.33% 09.88% 07.31% 08.18% O 6.54%

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