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Q8. Richard's Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The profit margin is: Multiple Choice 10%.

Q8.

Richard's Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The profit margin is:

Multiple Choice

  • 10%.

  • 20%.

  • 50%.

  • 5 times.

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