Homework Help is Here – Start Your Trial Now!
Business
Accounting
Use the following data: Average total assets ($) 180,000 Total current assets 50,000 Total Assets 150,000 Total current liabilities 25,000 Total liabilities 75,000 Net income 8,000 Cost of goods sold 24,000 Sales revenue 100,000 What is net profit margin ratio? A. 24.00% B. 12.50% C. 8.00% D. 4.16%

Use the following data: Average total assets ($) 180,000 Total current assets 50,000 Total Assets 150,000 Total current liabilities 25,000 Total liabilities 75,000 Net income 8,000 Cost of goods sold 24,000 Sales revenue 100,000 What is net profit margin ratio? A. 24.00% B. 12.50% C. 8.00% D. 4.16%

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
See similar textbooks
icon
Related questions
Question

I want to correct answer general accounting

Use the following data: Average total assets ($) 180,000 Total current assets 50,000 Total Assets 150,000 Total current liabilities 25,000 Total liabilities 75,000 Net income 8,000 Cost of goods sold 24,000 Sales revenue 100,000 What is net profit margin ratio? A. 24.00% B. 12.50% C. 8.00% D. 4.16%
Transcribed Image Text:Use the following data: Average total assets ($) 180,000 Total current assets 50,000 Total Assets 150,000 Total current liabilities 25,000 Total liabilities 75,000 Net income 8,000 Cost of goods sold 24,000 Sales revenue 100,000 What is net profit margin ratio? A. 24.00% B. 12.50% C. 8.00% D. 4.16%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS