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Artist Company has net sales of $350,000 and cost of goods sold is $275,000. If interest income is $5,000 and all other operating expenses equal

Artist Company has net sales of $350,000 and cost of goods sold is $275,000. If interest income is $5,000 and all other operating expenses equal $ 45,000, the companys profit margin is

8.57%

21.34%

21.43%

10%

7.14%

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