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FCC Corporation reported net sales of $155,200 and gross sales of $400,450. The net income is $20,700. What would the common-size percent for net income

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FCC Corporation reported net sales of $155,200 and gross sales of $400,450. The net income is $20,700. What would the common-size percent for net income equal (do not convert to percentages, round to 2 decimal places, for example, 7.52% would be .08)

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