Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets$55,000? Property and Equipment, net 75,000? Current Liabilities 52,500? Noncurrent Liabilities 42,500? Stockholder's Equity 22,000? Sales Revenue 45,000? Net Income 24,300? What was the net profit margin?
A. 18.69%
B. 54.00%
C. 90.53%
D. 44.00%
Answer: B
Business
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