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You have the following financial information on Red Tiger Resto for the most recent fiscal year: dividends paid were $10,000; interest expense was $23,450; sales

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You have the following financial information on Red Tiger Resto for the most recent fiscal year: dividends paid were $10,000; interest expense was $23,450; sales were $277,204; operating costs were $161,295; and depreciation expense was $23,301. If the tax rate is 35 percent, what is the firm's profit margin (in percent)? A 13.87 B 16.22 C 17.46 D 20.25

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