Answered

valdovinos corporation has provided the following data: sales (all on account) $ 1,150,000 gross margin $ 440,000 net operating income $ 40,077 net income before taxes $ 23,077 net income $ 15,000 the company's net profit margin percentage is closest to: group of answer choices 38.3% 3.5% 2.0% 1.3%



Answer :

The company's net profit margin percentage is closest to D. 1.3%.

How to calculate the net profit?

From the information, Valdovinos corporation has provided the following data: sales (all on account) $ 1,150,000 gross margin $ 440,000 net operating income $ 40,077 net income before taxes $ 23,077 net income $ 15,000

:

Net profit margin = Net operating income/Sales *100

Net operating income = $15000

Sales = $1150000

Net profit margin = $15000/$1150000 *100

= 1.3%

Therefore, the correct option is D

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