15. The following common-size income statement data and tax rates are available on a company....
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15. The following common-size income statement data and tax rates are available on a company. Financial Item Current Year (%) 100 Revenues Cost of goods sold 38.6 3.1 Interest expense Research expenses Selling and general expenses 32.9 Income tax rate 22% The net profit margin in the current year is closest to: _ %
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