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Damita Company reported net income of $70,525 and net sales of $725,000 for the current year. (a) Compute Damita's profit margin. (b) Assuming Workfit (a
Damita Company reported net income of $70,525 and net sales of $725,000 for the current year. (a) Compute Damita's profit margin. (b) Assuming Workfit (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales
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