Use the table for the question(s) below.
Consider the following income statement and other information:

-Luther's Net Profit Margin for the year ending December 31,2005 is closest to:
A) 1.8%
B) 2.7%
C) 5.4%
D) 16.7%

Question

Use the table for the question(s) below.
Consider the following income statement and other information:
 
-Luther's Net Profit Margin for the year ending December 31,2005 is closest to:
A) 1.8% 
B) 2.7% 
C) 5.4% 
D) 16.7%

Quizplus · Accepted Answer

A) Net Profit Margin = Net Income / Total Sales = 10.2 / 578.3 = .018 or 1.8%

Use the Table for the Question(s) Below