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ABC Company reports the following income statement data: Sales: $100,000 COGS: $32,000 SGA Expenses: $45,000 Income before taxes: $23,000 Income Taxes: $5,000 Net Income $18,000

ABC Company reports the following income statement data:

Sales: $100,000

COGS: $32,000

SGA Expenses: $45,000

Income before taxes: $23,000

Income Taxes: $5,000

Net Income $18,000

Calculate the profit margin for ABC Company.

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