Sunset Corp has an operating profit of $1,200 produced from $9,800 in sales. If Sunset...
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Accounting
Sunset Corp has an operating profit of $1,200 produced from $9,800 in sales. If Sunset has no interest expense and currently pays 35% of its operating profits in taxes $420 and $200 per year in preferred dividends, then what is Sunset's net profit margin?
A.7.96%
B. 5.92%
C.6.50%
D. 10.20%
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