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Question 8 2.5 pts In 2018, XYZ Inc. had sales of $35.5 million, costs of goods sold of $17.2 million, Sales, General and Administrative (SG&A)

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Question 8 2.5 pts In 2018, XYZ Inc. had sales of $35.5 million, costs of goods sold of $17.2 million, Sales, General and Administrative (SG&A) expenses of $6 million, Depreciation expenses of $5.3 million, Interest expenses of $500,000, Average Tax Rate of 21%, total debt of $15 million, and total assets of $28 million. Calculate XYZ Inc's profit margin as of 2018. 14.46% 15.21% 18.34% 16.52%

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