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Kroger's 2012 financial statements show interest expense of $435 million, net income of $602 million, sales of $90,374 million, and average total assets of $23,491
Kroger's 2012 financial statements show interest expense of $435 million, net income of $602 million, sales of $90,374 million, and average total assets of $23,491 million. Assume that the statutory tax rate is 35%. How much is Kroger's profit margin for the year? A. 0.98% B. 2.84% C. 15.10% D. 12.84% E. There is not enough information to calculate the ratio
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