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A company had $6,940,000 in net income for the year. Its net sales were $14,600,000...

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Accounting

A company had $6,940,000 in net income for the year. Its net sales were $14,600,000 for the same period. Calculate its profit margin.

1. $ 210.4%

2. $ 95.0%

3. 110.4%

4. $23.8%

5. 47.5%

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