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Akers Corporation Reported Net Income $36,000; Net Sales $480,000; and Average

Question 39

Multiple Choice

Akers Corporation reported net income $36,000; net sales $480,000; and average assets $800,000 for 2017. What is the 2017 profit margin?

A) 4.5%
B) 7.5%
C) 13.3%
D) 60.0%

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