Alaska Alehouse reported Net Sales of $260,000, Cost of Goods Sold of $107,500, Operating Expenses of $65,400, and Income Tax Expense of $21,500. What is Alaska Alehouse's net income percentage? (Round your final answer to two decimal places, X.XX%.)
A) 33.5%
B) 41.35%
C) 58.65%
D) 25.23%
D) 25.23%
Explanation: (net sales - cogs - operating expenses - income tax expense)/net sales; ex: ($260,000 - $107,500 - $65,400 - $21,500) / $260,000 = 25.23%
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