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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 5
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A Company Has a Profit Margin of 5

Question 173

Question 173

Multiple Choice

A company has a profit margin of 5%.If net income is equal to $83,000 and average total assets is equal to $45,000,how much are net sales?


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

Correct Answer:

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