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Profit Margin LandCo reported net income of $48,000, net sales of $640,000, and had total assets of $520,000 on January 1, 2025, and total assets

Profit Margin

LandCo reported net income of $48,000, net sales of $640,000, and had total assets of $520,000 on January 1, 2025, and total assets on December 31, 2025, of $480,000.

Determine LandCos profit margin for 2025.

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