Richard's Sporting Goods reports net income of $130,000, net sales of $540,000, and average assets...
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Accounting
Richard's Sporting Goods reports net income of $130,000, net sales of $540,000, and average assets of $1,200,000. The profit margin is: (Round your answer to 1 decimal place):
4.2 times.
45.0%.
10.8%.
24.1%.
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