The Following Information Is Available from the Most Recent Financial

question 151

Multiple Choice

The following information is available from the most recent financial statements of the Carolyn Co.: $\begin{array}{lr}\text { Total assets } & 400,000 \\\text { Net income } & 60,000 \\\text { Average total liabilities } & 200,000 \\\text { Sales revenue } & 750,000 \\\text { Total liabilities } & 250,000 \\\text { Average total assets } & 350,000\end{array}$ What is the company's net profit margin?

• A)8%
• B)12.5%
• C)15%
• D)17.1%

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Definitions:

Aton

The sun disk or deity in ancient Egyptian religion, representing a monotheistic form of worship under Pharaoh Akhenaten.

Osiris

An ancient Egyptian god associated with the afterlife, resurrection, and agriculture, often depicted as a mummified ruler.

Civilization

An advanced stage of human social development and organization that is marked by complex political, economic, and cultural institutions.

Nile

is the longest river in Africa, flowing northward through northeastern Africa, historically supporting the civilizations of ancient Egypt.