Jamie's Natural Foods had net sales of $329,500 and the cost of goods sold were $192,400. Operating expenses were $89,672 and owner's equity is $328,775. Calculate the net profit margin. (Round to the nearest tenth)
A) 20.4%
B) 14.4%
C) 26.8%
D) 22.8%
B
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Indicate whether the statement is true or false
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