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The balance sheet of Renatos Pizza reports total assets of $1,500,000 and $1,700,000 at the...

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Accounting

The balance sheet of Renatos Pizza reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $240,000 and $2,000,000, respectively. What is Renatos Pizza's profit margin? A) 15%. B) 14.12%. C) 16%. D) 12%

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