Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's net profit margin percentage for Year 2 is closest to:
A) 1.9%
B) 2.7%
C) 3.3%
D) 38.1%

Question

Quizplus · Accepted Answer

The Answer of Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's net profit margin percentage for Year 2 is closest to:
A) 1.9%
B) 2.7%
C) 3.3%
D) 38.1%

Garrott Corporation's Total Assets Were $1,505,000 at the End of Year