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Problem:
Large Company
Net sales
$379,420
Cost of sales
$163,100
Gross profit
$216,320
Selling, general, and administrative expenses
$146,610
Operating income
$69,720
Net income
$41,610
Cash and cash equivalents
$50,480
Net receivables
$17,400
Inventories
$223,430
Total current assets
$315,160
Property and equipment
$81,880
Other assets
$66,040
Total assets
$463,090
Accounts payable
$29,540
Stockholder equity
$261,130
What is the value of Profit Margin? (Choose the closest)
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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