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In 2018 a company reported the following (in millions of dollars): Net Sales - $14.31 Cost of Goods Sold: $4.09 Income Taxes: $1.05 As of
In 2018 a company reported the following (in millions of dollars):
Net Sales - $14.31
Cost of Goods Sold: $4.09
Income Taxes: $1.05
As of December 31, 2018 the company had $0.95 in cash and securities, $1.01 in accounts receivable, and $1.8 in inventory.
It owed $1.53 in current liabilities and $2.21 in long-term debt.
Calculate the profit margin.
Enter the answer as a percentage, without the % symbol. Maintain 2 places after the decimal point. For example, 0.1234 must be entered as 12.34.
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