Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 59,000 Property and Equipment, net 79,000 Current Liabilities 54,500 Noncurrent Liabilities 44,500 Stockholder’s Equity 23,000 Sales Revenue 65,000 Net Income 31,200 What was the net profit margin? Multiple Choice 73.72% 53.00% 48.00% 22.61%
Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 59,000 Property and Equipment, net 79,000 Current Liabilities 54,500 Noncurrent Liabilities 44,500 Stockholder’s Equity 23,000 Sales Revenue 65,000 Net Income 31,200 What was the net profit margin? Multiple Choice 73.72% 53.00% 48.00% 22.61%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery:
Current Assets | $ | 59,000 | |
Property and Equipment, net | 79,000 | ||
Current Liabilities | 54,500 | ||
Noncurrent Liabilities | 44,500 | ||
23,000 | |||
Sales Revenue | 65,000 | ||
Net Income | 31,200 | ||
What was the net profit margin?
Multiple Choice
-
73.72%
-
53.00%
-
48.00%
-
22.61%
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