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Sandlake Company has provided the following information: Net sales, $ 5 5 0 , 0 0 0 Net income, $ 3 3 , 0 0

Sandlake Company has provided the following information:

Net sales, $

550, 000

Net income, $

33, 000

Average total assets, $

300, 000

What is Sandlake's net profit margin?

Multiple Choice

6 %

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