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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 12
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A Company Had a Profit Margin of 12

Question 41

Question 41

Multiple Choice

A company had a profit margin of 12%.If net income equaled $450,000 and average total assets equaled $600,500,how much were sales?


A) $1,050,500
B) $126,060
C) $72,060
D) $54,000
E) $3,750,000

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