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You have the following financial information on Giant Tiger Resources for the most recent fiscal...

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Finance

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You have the following financial information on Giant Tiger Resources for the most recent fiscal year: operating costs were $116,925; dividends paid were $10,000; depreciation expense was $13,103; interest expense was $32,540; and sales were $262,704. What is the firm's profit margin if the tax rate is 30%? A 26.68 % B 24.02 % 22.88 % D 20.58 %

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