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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%

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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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%
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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