Straw Corp has an operating profit of $1,200 produced from $20,000 in total assets.If Straw has no interest expense and currently pays 35% of its operating profits in taxes and $200 per year in preferred dividends,then what is Straw's net profit margin?
A) 2.90%
B) 3.90%
C) 5.0%
D) none of the above
Correct Answer:
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