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Nike, Inc. sold inventory costing $2,500,000 for $4,000,000 cash. Calculate the gross profit margin percentage for this sale. If Nike, Inc.'s total sales revenue for

ยทNike, Inc. sold inventory costing $2,500,000 for $4,000,000 cash. Calculate the gross profit margin percentage for this sale. If Nike, Inc.'s total sales revenue for the year was $30,000,000 and its cost of goods sold was $18,000,000, calculate the net income margin percentage for the year.

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