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Calculate the profit margin (net income / sales) for the firm below. Make sure to convert your answer to a % and keep 2 decimals

Calculate the profit margin (net income / sales) for the firm below. Make sure to convert your answer to a % and keep 2 decimals for your final answer.....for examples, if you calcualte 50/400 = 0.125, you should enter 12.5 into BB to be marked correct.

Sales 500

COGS $1,200

Depreciation $800

Interest $500

Net Income 1400

Total Assets $5,000

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