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    Financial Accounting Information Study Set 1
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    Exam 13: Analyzing and Interpreting Financial Statements
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    A Company Has a Profit Margin of 12
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A Company Has a Profit Margin of 12

Question 132

Question 132

Multiple Choice

A company has a profit margin of 12%.If net income is equal to $450,000 and average total asset is equal to $600,500,how much are sales?


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

Correct Answer:

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