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Watson Co. has total assets of $135 million and total debt of $35 million. The company has a total asset turnover of 1.75, and a

Watson Co. has total assets of $135 million and total debt of $35 million. The company has a total asset turnover of 1.75, and a net income of $64 million. Calculate the firm's net profit margin. (Enter percentages as decimals, e.g. 5% = 0.05 and round to 4 decimals)

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