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The following information is extracted from XYZ's Income statement: Net Income 48,000, Income Tax Expense 33,000, EBIT 81,000, Sales 858,000 Calculate Profit Margin Ratio. If

The following information is extracted from XYZ's Income statement: Net Income 48,000, Income Tax Expense 33,000, EBIT 81,000, Sales 858,000 Calculate Profit Margin Ratio. If the Industry average is 6%, XYZ's Ratio is good/Bad

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