Balance Sheet Income Statement Assets: Sales $20,000,000 Cost of Goods Sold 8,000,000 12,000,000 1,600,000 Selling and Administrative Depreciation Expense 3,000,000 7,400,000 Interest 2.000.000 5,400,000 Taxes (25%) 1,350.000 Cash $ 5,000,000 Marketable Securities 12,500,000 Accounts Receivable, net 2,500,000 Inventory 30,000,000 Prepaid Expenses 5,000,000 Plant & Equipment 30,000,000 Total Assets. 85,000,000 Liabilities and Equity: Accounts Payable $20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 25,000,000 Common Stock 5,000,000 Capital in Excess of Par 10,000,000 Retained Earnings 5,000,000 Total Liabilities and Equity $85,000,00 4,050,000 Common Stock Div. 600,000 $3,450,000 Shares outstanding of common stock = 1,000,000 Market price of common stock = $18. The Net Profit Margin is: O 13.7% 0 20.25% O 60% O 37%