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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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