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A Firm Has Total Sales of $53 Million

Question 110

Multiple Choice

A firm has total sales of $53 million.It has gross profit of $12 million,operating income of $8.5 million,and net income of $4 million.What is the firm's net profit margin?


A) 7.5%
B) 16%
C) 22.6%
D) 33.3%
E) 47%

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