Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 49,000 Property and Equipment, net 69,000 Current Liabilities 49,500 Noncurrent Liabilities 39,500 Stockholders' Equity 21,000 Sales Revenue 60,000 Net Income 21,600 What was the net profit margin ratio? A. 18.31% B. 36.00% C. 97.22% D. 44.00%
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provide answer with explanation
![Selected financial information presented below was obtained from the
financial statements of the Napa Valley Brewery:
Current Assets
$ 49,000
Property and Equipment, net 69,000
Current Liabilities
49,500
Noncurrent Liabilities
39,500
Stockholders' Equity
21,000
Sales Revenue
60,000
Net Income
21,600
What was the net profit margin ratio?
A. 18.31%
B. 36.00%
C. 97.22%
D. 44.00%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedec4112-f743-46ba-a208-1413982f0eeb%2F6dff5463-1f84-47a4-bc55-f5031f19d4e5%2F5g4ydk_processed.jpeg&w=3840&q=75)
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