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Calculate its profit margin

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Question - 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.

A. 221.6%

B. 90.2%

C. 121.6%

D. 22.6%

E. 45.1%

Reference no: EM132805035

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