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  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 13: Analyzing and Interpreting Financial Statements
  5. Question
    A Company Had a Profit Margin of 5
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A Company Had a Profit Margin of 5

Question 7

Question 7

Multiple Choice

A company had a profit margin of 5%.If net income equaled $83,000 and average total assets equaled $45,000,how much were net sales?


A) $4,150
B) $2,250
C) $1,660,000
D) $6,400
E) $128,000

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