Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's net profit margin percentage for Year 2 is closest to:
A)1.9%
B)2.7%
C)3.3%
D)38.1%

Question

Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.  The company's net profit margin percentage for Year 2 is closest to:
A)1.9% 
B)2.7% 
C)3.3% 
D)38.1%

Quizplus · Accepted Answer

The Answer of Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.  The company's net profit margin percentage for Year 2 is closest to:
A)1.9% 
B)2.7% 
C)3.3% 
D)38.1%

Garrott Corporation's Total Assets Were $1,505,000 at the End of Year