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International Boot Company has operating income of $ 8 0 , 0 0 0 , invested assets of $ 5 0 0 , 0 0

International Boot Company has operating income of $80,000, invested assets of $500,000, and sales of $1,525,000.
The profit margin (rounded to one decimal place) for International Boot Company is
a.5.2%
b.16.0%
c.19.1%
d.33.3%

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