Valdovinos Corporation has provided the following data:Sales(All On Account) 1,150,000Gross Margin 4

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Valdovinos Corporation has provided the following data:Sales(All On Account) 1,150,000Gross Margin 440,000Net Operating Income 40,077Net Income Before Taxes 23,077Net Income 15,000What percentage is the company’s net profit margin percentage closest to?

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