Question: I need help with this general accounting question using standard accounting techniques. Golden Retailers reports the following financial data: * Net income: $120,000 * Sales:

I need help with this general accounting question using standard accounting techniques.

Golden Retailers reports the following financial data: * Net income: $120,000 * Sales: $800,000 * Average assets: $500,000 Calculate the profit margin. A. 15% B. 20% C. 10% D. 5%

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