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Question 7 (1 point) During the latest year, XYZ Corporation has total sales of $300,000, net income of 20,000, and its year-end total assets were

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Question 7 (1 point) During the latest year, XYZ Corporation has total sales of $300,000, net income of 20,000, and its year-end total assets were $500,000. The firm's total debt to total assets ratio was 40%. What is firm's profit margin as a percentage? Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 (%) instead of 0.0843. Your

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