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Steam Boat Corporation had $1,100,000 in total invested assets, net sales of $2,000,000, income from operations amounting to $290,000, and a desired minimum rate of

Steam Boat Corporation had $1,100,000 in total invested assets, net sales of $2,000,000, income from operations amounting to $290,000, and a desired minimum rate of return of 20%. The profit margin for Steam Boat is:

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