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During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000...

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Question

Accounting

During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000.

What is the sales margin?

a.

None of these

b.

69.26%

c.

11.06%

d.

9.0%

Answer & Explanation Solved by verified expert
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