Kurtz Logistics provides the following information: Operating income $1,500,000 Net sales $14,500,000 Average total assets...
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Kurtz Logistics provides the following information: Operating income $1,500,000 Net sales $14,500,000 Average total assets $2,000,000 Management's target rate of return 20% What is the company's profit margin ratio? (Round your answer to two decimal places.)
a) 10.34%
b) 1.10%
c) 75%
d) 13.79%
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