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Posted on Oct 23, 2024

Sandlake Company has provided the following information: Net sales, $ 6 2 0 , 0 0 0 Net income, $ 3 1 , 0 0

Sandlake Company has provided the following information:

Net sales, $

620, 000

Net income, $

31, 000

Average total assets, $

155, 000

What is Sandlake's net profit margin?

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