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You have the following financial information on Giant Tiger Resources for the most recent fiscal year: operating costs were $116,925; dividends paid were $10,000; depreciation
You have the following financial information on Giant Tiger Resources for the most recent fiscal year: operating costs were $116,925; dividends paid were $10,000; depreciation expense was $13,103; interest expense was $32,540; and sales were $262,704. What is the firms profit margin if the tax rate is 30%?
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26.68 %
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24.02 %
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22.88 %
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20.58 %
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