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Required information (The following information applies to the questions displayed below.) The adjusted trial balance for Chiara Company as of December 31, 2018, follows. Credit

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Required information (The following information applies to the questions displayed below.) The adjusted trial balance for Chiara Company as of December 31, 2018, follows. Credit $ Debit 30,000 52,000 18,000 168,000 16,000 168,000 $ 50,000 138,000 18,000 78,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 96,000 20,000 19,000 30,000 138,000 20,000 235,800 46,000 484,000 24,000 26,000 18,000 188,000 40,000 32,000 34,000 58,000 24,800 $1,134,800 $1,134,800 2. Calculate the profit margin for year 2018. Profit margin Choose Denominator: Choose Numerator: 1 = = Profit margin Profit margin

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