Billie Jean's Bridals Has Total Assets of $350,000, Current Assets

Billie Jean's Bridals has total assets of $350,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and net profit after taxes of $23,000. Calculate the retailer's net profit percentage.

A) 18.75 percent
B) 20 percent
C) 25 percent
D) 31.1 percent
E) 35.9 percent