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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%

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%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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%
Transcribed Image Text: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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