Use the following financial data for Mountain View Corporation: ⚫ Total Assets: $240,000 . Current Assets: $80,000 .Total Liabilities: $120,000 . Current Liabilities: $40,000 ⚫ Sales Revenue: $300,000 • Cost of Goods Sold: $180,000 ⚫ Net Income: $45,000 . Average Total Assets: $225,000 What is the net profit margin ratio? A. 25% B. 15% C. 20% D. 10%
Use the following financial data for Mountain View Corporation: ⚫ Total Assets: $240,000 . Current Assets: $80,000 .Total Liabilities: $120,000 . Current Liabilities: $40,000 ⚫ Sales Revenue: $300,000 • Cost of Goods Sold: $180,000 ⚫ Net Income: $45,000 . Average Total Assets: $225,000 What is the net profit margin ratio? A. 25% B. 15% C. 20% D. 10%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following financial data for Mountain View Corporation:
⚫ Total Assets: $240,000
. Current Assets: $80,000
.Total Liabilities: $120,000
. Current Liabilities: $40,000
⚫ Sales Revenue: $300,000
•
Cost of Goods Sold: $180,000
⚫ Net Income: $45,000
. Average Total Assets: $225,000
What is the net profit margin ratio?
A. 25%
B. 15%
C. 20%
D. 10%
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