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Florida Inc. has revenues of $752,000 resulting in an operating income of $52,640. Average invested assets total $384,000; the cost of capital is 13%. The

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Florida Inc. has revenues of $752,000 resulting in an operating income of $52,640. Average invested assets total $384,000; the cost of capital is 13\%. The profit margin is: Multiple Choice 0.51 196 13.71% 7.00%

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