A Firm Has Total Sales of $53 Million

question 110

Multiple Choice

A firm has total sales of $53 million.It has gross profit of $12 million,operating income of $8.5 million,and net income of $4 million.What is the firm's net profit margin?

• A)7.5%
• B)16%
• C)22.6%
• D)33.3%
• E)47%

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