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Junebag Corporation Reported Net Income $24,000; Net Sales $400,000; and Average

Question 153

Multiple Choice

Junebag Corporation reported net income $24,000; net sales $400,000; and average assets $600,000 for 2017. What is the 2017 profit margin?

A) 6%
B) 4%
C) 40%
D) 67%

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