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Vike's net income was $780,000; its net assets were $5,200,000; and its net Sales were $9,000,000. Calculate its profit margin ratio. Multiple Choice 57% 8.7%

Vike's net income was $780,000; its net assets were $5,200,000; and its net Sales were $9,000,000. Calculate its profit margin ratio. Multiple Choice 57% 8.7% 87% 1.73% 15%

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