Multiple Choice
A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin.
A) 17.5%.
B) 28.0%.
C) 62.5%.
D) 160.0%.
E) 68.2%
Correct Answer:
Verified
Correct Answer:
Verified
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