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Marino Company Has Provided the Following Information: Net Sales,$480,000

question 105

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Marino Company has provided the following information: Net sales,$480,000
Net income,$24,000
Average total assets,$200,000
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What is Marino's net profit margin?

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Definitions:

Halite

A mineral commonly known as rock salt, composed primarily of sodium chloride (NaCl), and typically forms from evaporated seawater.

Chlorine

A chemical element with symbol Cl and atomic number 17, a yellow-green gas at room temperature, widely used in water purification, in disinfectants, and in the production of various chemicals.

Sodium

A chemical element with the symbol Na, known for its high reactivity and essential role in biological systems, especially in nerve impulse conduction.

Covalent

Pertaining to chemical bonds formed by the sharing of one or more pairs of electrons between atoms.

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