Kingsbury Manufacturing has net sales revenue of $624,000,cost of goods sold of $274,560,and all other expenses of $262,080.The net profit margin is:
A)0.32.
B)0.56.
C)0.86.
D)0.14.

Question

Quizplus · Accepted Answer

Sales - Cost of goods sold - Operating expenses = Net income
= $624,000 − $274,560 − $262,080 = $87,360
Net profit margin = (Net income ÷ Revenues)× 100
= $87,360 ÷ $624,000 = 14%

Kingsbury Manufacturing Has Net Sales Revenue of $624,000,cost of Goods