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April 20, 2014

Homework Help: accounting

Posted by natasha on Friday, August 14, 2009 at 9:59am.

The Anderson Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%.
What is Anderson Company's profit margin?

18%
44.4%
20%
80%

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