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The Following Information Pertains to Ortiz Company

question 153

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The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the profit margin for Ortiz? A) 113% B) 28.2% C) 69% D) 78% What is the profit margin for Ortiz?

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