Calculate the profit margin of chestnut

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Reference no: EM133002848

At the end of the current year, Chestnut Inc. reported the following information:

Sales$450,000

Operating income$150,000

Average total assets$520,000

Average stockholders' equity$330,000

Problem 1: Calculate the profit margin of Chestnut. (Round the answer to two decimal places.)

a.26.50%

b.42.25%

c.53.45%

d.33.33%

Reference no: EM133002848

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