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What percentage is the company net profit margin

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Reference no: EM132800838

Question - Valdovinos Corporation has provided the following data:

Sales (All On Account)   1,150,000

Gross Margin 440,000

Net Operating Income 40,077

Net Income Before Taxes 23,077

Net Income 15,000

Required - What percentage is the company's net profit margin percentage closest to?

Reference no: EM132800838

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