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Question - The following information has been extracted from the financial statements of Muggie Pty. Ltd., a mug wholesaler.
Accounts 2019 in thousands
Interest expense $4
COGS $303
Accounts receivable $320
Inventory $330
Bank loan (5 years) $580
Accounts payable $230
Property, plant and equipment $1,300
Sales $677
Selling expenses $22
Administrative expenses $16
Tax expense $75
Required - Calculate net profit margin for the year 2019. Leave two (2) decimal places.
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