Marino Company has provided the following information: Net sales, $480,000
Net income, $24,000
Average total assets, $200,000
What is Marino's net profit margin ratio?
A) 75%
B) 12%
C)42%
D)5%

Question

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The Answer of Marino Company has provided the following information: Net sales, $480,000
Net income, $24,000
Average total assets, $200,000
What is Marino's net profit margin ratio?
A) 75%
B) 12%
C)42%
D)5%

Marino Company Has Provided the Following Information: Net Sales, $480,000