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A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%

A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%
Transcribed Image Text:A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%
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