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Problem: 1. Use the following information to answer the questions that follow: a. What is the profit margin for this corporation? Round your answer to

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Problem: 1. Use the following information to answer the questions that follow: a. What is the profit margin for this corporation? Round your answer to one decimal place. b. Calculate the cost of goods sold percentage. c. Calculate the gross margin percentage. d. Calculate the income tax rate? e. Determine the operating expenses as a percentage of sales

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