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Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of...

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Question

Accounting

Lowellson Company had sales of $200,000, net income of $10,000, and an asset base of $300,000. Its margin is

a.3.3%.

b.66.7%.

c.5.0%.

d.150.0%.

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