Use the Table for the Question(s)below

question 14

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther's net profit margin for the year ending December 31,2014 is closest to:

• A)1.8%
• B)2.7%
• C)5.4%
• D)16.7%
• E)18.3%

---

Definitions:

American Freedom

The ideal of liberty and rights that defines the ethos and foundational principles of the United States.

Panic of 1837

A financial crisis in the United States triggered by a speculative fever, leading to bank failures and a deep economic depression.

British Demand

Refers to the economic and political desires of the United Kingdom, particularly in historical contexts concerning trade, territory, and resources.

American Cotton

A key agricultural product of the United States, historically pivotal to the economy, particularly in the Southern states, and a central factor in the history of slavery and industry.