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Calculate the net profit margin for Company RRR, which has a net income of $400,000 and total revenue of $2,000,000. Explain the net profit margin

Calculate the net profit margin for Company RRR, which has a net income of $400,000 and total revenue of $2,000,000. Explain the net profit margin as a measure of a company's profitability, indicating the proportion of net income generated from total revenue. Discuss the significance of net profit margin in assessing a company's operational efficiency and cost management practices.

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