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The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash $ 225,300 Accounts receivable 51,000 Interest receivable 20,000 Notes

The adjusted trial balance for Chiara Company as of December 31, 2017, follows.

Debit Credit
Cash $ 225,300
Accounts receivable 51,000
Interest receivable 20,000
Notes receivable (due in 90 days) 172,000
Office supplies 16,000
Automobiles 169,000
Accumulated depreciationAutomobiles $ 105,000
Equipment 146,000
Accumulated depreciationEquipment 19,000
Land 84,000
Accounts payable 103,000
Interest payable 40,000
Salaries payable 23,000
Unearned fees 34,000
Long-term notes payable 152,000
Common stock 29,580
Retained earnings 266,220
Dividends 54,000
Fees earned 574,000
Interest earned 36,000
Depreciation expenseAutomobiles 28,000
Depreciation expenseEquipment 21,500
Salaries expense 191,000
Wages expense 47,000
Interest expense 34,000
Office supplies expense 33,800
Advertising expense 64,000
Repairs expenseAutomobiles 25,200
Totals $ 1,381,800 $ 1,381,800

2. Calculate the profit margin for year 2017.

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Profit Margin Choose Numerator:I Choose Denominator: Profit Margin Profit margin

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