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Assume the International Bank of Canyon (IBC) has sales of $45 million, EBIT of $8 million, Total assets of $67 million, and Total debt of
Assume the International Bank of Canyon (IBC) has sales of $45 million, EBIT of $8 million, Total assets of $67 million, and Total debt of $32 million. What is IBCs profit margin?
11.9%
17.8%
25%
20.4%
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