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Vaughn Manufacturing reported net income $35000; net sales $417000; and average assets $608000 for 2022. What is the 2022 profit margin? 6% 69% 8% 42%

Vaughn Manufacturing reported net income $35000; net sales $417000; and average assets $608000 for 2022. What is the 2022 profit margin?

69%

42%

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