Straw Corp Has an Operating Profit of $1,200 Produced from $9,800

question 38

Multiple Choice

Straw Corp has an operating profit of $1,200 produced from $9,800 in sales.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) 5.92%
• B) 7.96%
• C) 7.960%
• D) 10.20%

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