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Dimeback Co. has total assets of $9,700,000 and a total asset turnover of 2.47 times. Assume the return on assets is 9 percent. What is

Dimeback Co. has total assets of $9,700,000 and a total asset turnover of 2.47 times. Assume the return on assets is 9 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin %

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