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PXG Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is

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PXG Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin %

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