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Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets = $170,000 Total liabilities = $95,000 Common stock
Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets = $170,000 Total liabilities = $95,000 Common stock = $17,000 Dividends = $5, 700 Expenses = $87,000 Retained earnings (beginning of year) = $22,000 Calculate the company's net profit margin expressed as a percent. (Round your answer to the nearest whole percent.)
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