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Royce Corp's sales last year were $250,000, and its net income was $23,000. What was its profit margin? a. 11.32% b. 9.20% c. 9.57% d.
Royce Corp's sales last year were $250,000, and its net income was $23,000. What was its profit margin?
a. 11.32%
b. 9.20%
c. 9.57%
d. 9.38%
e. 8.37%
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