Last Year, Lenny's Lemonade Had $3,500 in Sales, and Cost

question 63

Multiple Choice

Last year, Lenny's Lemonade had $3,500 in sales, and cost of goods sold was $2,000. Depreciation expenses totaled $500, and interest expense was $700. If the tax rate is 25%, what is its NOPAT margin?

• A)11.86%
• B)21.43%
• C)26.57%
• D)29.14%

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