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Calculate the profit margin for a company

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Reference no: EM133000772

Problem 1: A company reported net sales of $553,000, total assets of $930,000, and total liabilities of $465,000. If the company's return on equity was 10.2%, calculate its profit margin.

Select one:

a. 8.8%
b. 8.6%
c. 9.2%
d. 9.4%
e. 9.0%

Reference no: EM133000772

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