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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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bhavesh

Transcribed Image Text:The Poole Company reported the following income for Year 2:
Sales
Cost of goods sold
Gross margin
Selling and administrative expense.
Operating income
Interest expense
Income before taxes
Income tax expense
Net income
What is the company's net margin?
Note: Round your answer to 2 decimal places.
Multiple Choice
41.82%
73.94%
$33,000
8,600
$24,400
10,600
$13,800
4,600
$9,200
2,760
$6,440
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