Question: Can you explain the correct methodology to solve this general accounting problem? Northbay Electronics reported net sales of $9,200,000 and net income of $1,104,000 for

Can you explain the correct methodology to solve this general accounting problem?

Northbay Electronics reported net sales of $9,200,000 and net income of $1,104,000 for the fiscal year ended December 31, 2024. Using this information, calculate the Profit Margin for Northbay Electronics

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