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A Company Had $7,000,000 in Net Income for the Year

Question 41

Multiple Choice

A company had $7,000,000 in net income for the year.Its net sales were $15,200,000 for the same period.Calculate its profit margin.

A) 85.4%.
B) 117.1%.
C) 53.9%.
D) 217.1%.
E) 46.1%.

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