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Refer to the following selected financial information from our company. Compute the company's profit margin for Year 2. Year 2 Net sales Cost of goods
Refer to the following selected financial information from our company. Compute the company's profit margin for Year 2. Year 2 Net sales Cost of goods sold Interest expense Net income before tax $478,500 276,300 9,700 67,250 46,050 317,100 181,400 135,700 Year 1 $426,250 250,120 10,700 52,680 39,900 288,000 Net income after tax Total assets Total liabilities 167,300 Total equity 120,700 14.1%. 11.7%. 9.6%. 16.7%. 33.9%
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