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Iron Inc. had $1,150,000 in invested assets, sales of $1,200,000, operating income amounting to $185,000, and a minimum acceptable rate of return of 15% on

Iron Inc. had $1,150,000 in invested assets, sales of $1,200,000, operating income amounting to $185,000, and a minimum acceptable rate of return of 15% on its invested assets. Iron's profit margin is _____. a. 14.2% b. 26.0% c. 15.4% d. 18.8%

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