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D Question 34 3 pts Racer One provides the following information: Operating income $1,500,000 Net sales $14,000,000 Average total assets $1.850,000 Management's target rate of

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D Question 34 3 pts Racer One provides the following information: Operating income $1,500,000 Net sales $14,000,000 Average total assets $1.850,000 Management's target rate of retum 25% What is the company's profit margin ratio? (Round your answer to two decimal places.) 13.21% 1.10% 81.08% 10.71%

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