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AB Company reported a net Profit of P480,000, net sales of P8,000,000 and average assets of P12,000,000 for 2020. What is the profit margin for

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AB Company reported a net Profit of P480,000, net sales of P8,000,000 and average assets of P12,000,000 for 2020. What is the profit margin for 2020? O 6% O 12% O 40% O 200%

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