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Wren Corp. reported the following data on its most recent financial statements:
Net revenues: $312,500
Net income 58,200
Total assets, Jan 1174,280
Total assets, Dec 31168,420
Problem 1: To two decimals, what is Wren Corp.'s profit margin ratio?
a. 33.97%
b. 18.62%
c. 18.24%
d. 5.37%
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