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Practice Question 41 Plano Corporation reported net income $24,000; net sales $400,000; and average assets of $600,000 for 2017. What is the 2017 profit margin?

Practice Question 41 Plano Corporation reported net income $24,000; net sales $400,000; and average assets of $600,000 for 2017. What is the 2017 profit margin? 6% 12% 200% 40% Click if you would like to Show Work for this question: Open Show Work BACK Question Attempts: 0 of 1 used SUBMIT image text in transcribed

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