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Billy's Crystal Stores Inc. has assets of $5,590,000 and turns over its assets 3.3 times per year. Return on assets is 7 percent. What

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Billy's Crystal Stores Inc. has assets of $5,590,000 and turns over its assets 3.3 times per year. Return on assets is 7 percent. What is the firm's profit margin (return on sales)? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Profit margin %

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