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The balance sheets of Classic Company report the following: Total assets of $400,000 at the beginning of the year and $600,000 at the end of

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The balance sheets of Classic Company report the following: Total assets of $400,000 at the beginning of the year and $600,000 at the end of the year. If Net Income - $100.000 and Sales Revenue - $2,000,000 for the year, what is Classic's profit margin? 40% 12% 5% 25% 20%

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