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At the end of the current year, Chestnut Inc. reported the following information: ...

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Accounting

At the end of the current year, Chestnut Inc. reported the following information:

Sales $450,000
Operating income $150,000
Average total assets $520,000
Average stockholders' equity $330,000

Calculate the profit margin of Chestnut. (Round the answer to two decimal places.)

a.26.50%

b.33.33%

c.42.25%

d.53.45%

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