Information from the financial statements are provided below:

-Refer to Rio Imports. The net profit margin percentage for 2015 is

Question

Information from the financial statements are provided below:
 
-Refer to Rio Imports. The net profit margin percentage for 2015 is

Quizplus · Accepted Answer

To calculate the net profit margin percentage, we divide the net profit by the total revenue and then multiply by 100. 
Net Profit Margin Percentage = (Net Profit / Total Revenue) x 100
From the financial statements, we know that the net profit for 2015 was $665,000 and the total revenue was $3,511,000. 
Net Profit Margin Percentage = (665,000 / 3,511,000) x 100 = 18.95%
Therefore, the correct answer is C, 18.95%.

Information from the Financial Statements Are Provided Below