Straw Corp Has an Operating Profit of $1,200 Produced from $20,000

question 61

Multiple Choice

Straw Corp has an operating profit of $1,200 produced from $20,000 in total assets.If Straw has no interest expense and currently pays 35% of its operating profits in taxes and $200 per year in preferred dividends,then what is Straw's net profit margin?

• A) 2.90%
• B) 3.90%
• C) 5.0%
• D) none of the above

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Definitions:

Fresh Water

Water that has low concentrations of dissolved salts (salinity) and other dissolved solids, making it suitable for drinking and supporting terrestrial life.

Nova Scotians

Residents or natives of Nova Scotia, a province in eastern Canada, known for its maritime heritage and cultural diversity.

Fresh Water

Water that has a low salt concentration, such as that found in rivers, lakes, and underground aquifers, essential for drinking, agriculture, and sanitation.

World's Supply Of Fresh Water

The total amount of available fresh water resources on Earth, including surface water, groundwater, and glaciers, which is essential for all life forms.