A company had $7,010,000 in net income for the year. Its net sales were $15,300,000 for the same period. Calculate its profit margin.
A. 218.3 %.
B. 91.6 %.
C. 22.9 %.
D. 118.3 %.
E. 45.8 %.
Answer: E
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Answer the following statement true (T) or false (F)