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Plano Corporation reported net income $ 2 4 , 0 0 0 ; net sales $ 4 0 0 , 0 0 0 ; and

Plano Corporation reported net income $

24, 000

; net sales $

400, 000

; and average assets $

600, 000

for

2014 .

What is the

2014

profit margin?

12 %

40 % .

6 % .

200 % .

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