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Leah and Cathy, Inc. had net income of $180,000 with a net profit margin of 0.65 and a tax expense of $64,000. They had no
Leah and Cathy, Inc. had net income of $180,000 with a net profit margin of 0.65 and a tax expense of $64,000. They had no interest expense. Using this information, what was L & C's operating profit margin?
Select one:
a. Not enough data to solve
b. 0.23
c. 0.74
d. 0.36
e. 0.48
f. 0.88
g. 0.65
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