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Question 18 Not yet answered Marked out of 3.00 Flag question Krager Grocers' 2021 financial statements show interest expense of $930 million, net income
Question 18 Not yet answered Marked out of 3.00 Flag question Krager Grocers' 2021 financial statements show interest expense of $930 million, net income of $2,049 million, sales of $336,040 million, and average total assets of $62,000 million. Assume that the statutory tax rate is 30%. How much is Krager Grocers' profit margin for the year? Select one: A. 0.61% B. 0.80% C. 0.89% D. 0.69%
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