Li Retailing Reported the Following Items for the Current Year

question 99

Multiple Choice

Li Retailing reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000.Li's net profit margin is equal to

• A) 25.67%.
• B) 35.67%.
• C) 36.67%.
• D) 50.00%.

---

Definitions:

Catastrophe

An event causing great and often sudden damage or suffering; a disaster.

Independent of One Another

A condition where the occurrence or outcome of one event does not affect the occurrence or outcome of another.

Annual Profit

The total earned income of a business over one year after all expenses have been subtracted.

Normal Model

Another term for the normal distribution, highlighting its role as a foundational model in statistics for randomized data.