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Determine and calculate the profit margin

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Reference no: EM132744330

Problem 1: A company had 7,040,000 in net income for the year. It's net sales were 15,600,000 for the same period. Calculate its profit margin.

Multiple choice:

A. 221.6%
B. 90.2%
C. 121.6%
D. 22.6%
E. 45.1%

Reference no: EM132744330

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