Refer to the figure above. Compute Megaframe's after tax profit margin.
A) 10.0%
B) 13.2%
C) 15.4%
D) 20.0%

Name: Refer to the figure above. Compute Megaframe's after tax profit margin. A) 10.0% B) 13.2% C) 15.4% D) 20.0%
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Question

Quizplus · Accepted Answer

After tax profit = $4,000,000
Net sales = $30,000,000
Profit margin = (After tax profit / Net sales) x 100
Profit margin = (4,000,000 / 30,000,000) x 100 = 13.3%
Therefore, the closest answer is B) 13.2%.

Refer to the Figure Above