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Dean Corporation Reported Net Income $58,000, Net Sales $500,000, and Average

Question 26

Multiple Choice

Dean Corporation reported net income $58,000, net sales $500,000, and average assets $800,000 for 2020. The 2020 profit margin was:

A) 5.8%.
B) 11.6%.
C) 62.5%.
D) 160%.

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