Plano Corporation reported net income ($ 24,000), net sales ($ 400,000), and average assets ($ 600,000) for

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Plano Corporation reported net income $\$ 24,000$, net sales $\$ 400,000$, and average assets $\$ 600,000$ for 2025 . What is the 2025 profit margin?

a. $6 \%$.

b. $12 \%$.

c. $40 \%$.

d. $200 \%$.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 28, 2024 04:00 AM

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Plano Corporation reported net income ($ 24,000), net sales ($ 400,000), and average assets ($ 600,000) for

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Financial Accounting Tools For Business Decision Making

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