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Platinum, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 30 percent of sales. For the period, the firm paid $56,040

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Platinum, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 30 percent of sales. For the period, the firm paid $56,040 in interest. The tax rate is 21 percent. What is the profit margin? 15.91 percent 17.21 percent 11.39 percent 13.89 percent

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