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    Financial Accounting Information for Decisions Study Set 2
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    Exam 15: Investments and International Operations
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    A Company Has Net Income of $130,500
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A Company Has Net Income of $130,500

Question 7

Question 7

True/False

A company has net income of $130,500. Its net sales are $1,740,000 and its average total assets are $2,750,000. Its profit margin equals 7.5%.
Profit margin = $130,500/$1,740,000 = 7.5%

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