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Li Retailing reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000.

Li's net profit margin is equal to

25.67%.

35.67%.

36.67%.

50.00%.

Basic Finance, Finance

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