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K Grocers 2016 financial statements show interest expense of $870 million, net income of $1,505...

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Accounting

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K Grocers 2016 financial statements show interest expense of $870 million, net income of $1,505 million, sales of $225,935 million, and average total assets of $23,491 million. Assume that the statutory tax rate is 35%. How much is K Grocers' profit margin for the year? A 0.92% B. 1.05% 8.81% There is not enough information to calculate the ratio

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