Refer to the Following Information to Answer the Question(s)regarding Port

question 119

Multiple Choice

Refer to the following information to answer the question(s) regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's net profit-to-equity ratio is ________ percent.

• A)23.8
• B)37.4
• C)16.1
• D)232.7

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