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Calculate the net profit margin for Company SSS, which had a net income of $300,000 and total revenue of $1,500,000. Explain the net profit margin

Calculate the net profit margin for Company SSS, which had a net income of $300,000 and total revenue of $1,500,000. Explain the net profit margin as a measure of a company's profitability, indicating the percentage of revenue converted into net income. Discuss the significance of net profit margin in evaluating operational efficiency, profitability trends, and its implications for financial performance and competitive analysis.

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