Question: Item5 View previous attempt Item 5 Required information Skip to question Play Video The following information was drawn from the accounting records of Jones Company.

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The following information was drawn from the accounting records of Jones Company.

Net sales $ 321,951
Net income 66,000
Average total assets 580,000
Average total liabilities 380,000
Average total stockholders' equity 240,000

Based on this information, the company's net margin (also known as return on sales) is

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