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    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Farmers' Net Income Was $740,000 and Its Net Sales Were
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Farmers' Net Income Was $740,000 and Its Net Sales Were

Question 217

Question 217

Essay

Farmers' net income was $740,000 and its net sales were $8,000,000. Calculate its profit margin ratio.

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