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In 2018 a company reported the following (in millions of dollars): Net Sales - $12.69 Cost of Goods Sold: $4.21 Income Taxes: $1.03 As of
In 2018 a company reported the following (in millions of dollars): Net Sales - $12.69 Cost of Goods Sold: $4.21 Income Taxes: $1.03 As of December 31, 2018 the company had $0.90 in cash and securities, $1.01 in accounts receivable, and $1.66 in inventory. It owed $1.76 in current liabilities and $1.57 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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