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Easter Egg and Poultry Company has $1,810,000 in assets and $692,000 of debt. It reports net income of $161,000. If the firm has an asset

Easter Egg and Poultry Company has $1,810,000 in assets and $692,000 of debt. It reports net income of $161,000.

If the firm has an asset turnover ratio of 1.8 times, what is the profit margin (return on sales)?

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