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%

Name: 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%
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Question

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%

Quizplus · Accepted Answer

The net profit margin ratio (5%) is net income ($24,000) divided by net sales ($480,000).

Marino Company Has Provided the Following Information