Valdovinos Corporation has provided the following data: The company's net profit margin percentage is closest to:
A)38.3%
B)3.5%
C)1.3%
D)2.0%

Question

Valdovinos Corporation has provided the following data:  The company's net profit margin percentage is closest to:
A)38.3% 
B)3.5% 
C)1.3% 
D)2.0%

Quizplus · Accepted Answer

To calculate the net profit margin percentage, we need to divide the net profit by the total revenue and then multiply the result by 100. However, the information provided in the question does not include either the net profit or the total revenue. Therefore, we cannot calculate the net profit margin percentage. Net profit margin percentage = Net income ÷ Sales
= $15,000 ÷ $1,150,000 = 1.3% (rounded)

Valdovinos Corporation Has Provided the Following Data: the Company's