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Valdovinos Corporation has provided the following data:Sales (all on account)$ 1,150,000Gross ...

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Valdovinos Corporation has provided the following data:Sales (all on account)$ 1,150,000Gross ...

Valdovinos Corporation has provided the following data:

Sales (all on account)	$ 1,150,000
Gross margin	$ 440,000
Net operating income	$ 40,077
Net income before taxes	$ 23,077
Net income	$ 15,000

The company’s net profit margin percentage is closest to:

▸ 38.3%

▸ 3.5%

▸ 1.3%

▸ 2.0%

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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Thank you, thank you, thank you!

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