Question: Hello! I have a quick accounting question that I'd like help and an explanation with regarding profit margin? The Sugar Shack reports net income of

Hello! I have a quick accounting question that I'd like help and an explanation with regarding profit margin?

The Sugar Shack reports net income of $150,000, sales of $1,500,000, and average assets of $730,000.What is the profit margin?

48.6%

20.5%

10%

115%

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