Question
Galaxy United Inc 2019 Balance Sheet Cash 16,500 Account Payable 134,700 Account Receivable 56,700 Long term debt 135,500 Inventory 186,700 Total Liabilities 270,200 Current Assets
Galaxy United Inc | ||||
2019 Balance Sheet | ||||
Cash | 16,500 | Account Payable | 134,700 | |
Account Receivable | 56,700 | Long term debt | 135,500 | |
Inventory | 186,700 | Total Liabilities | 270,200 | |
Current Assets | 259,900 | Common Stock | 140,000 | |
Net fixed Assets | 282,100 | Retained Earnings | 131,800 | |
Total Assets | 542,000 | Total Liabilities & Equity | 542,000 | |
Galaxy United Inc | ||||
2019 Income Statement | ||||
Net Sales | 614,100 | |||
Cost of Goods Sold | 21,400 | |||
Depreciation | 11,200 | |||
Earnings before Interest and Taxes | 81,500 | |||
Interest Expenses | 10,100 | |||
Earnings before Taxes | 71,400 | |||
Taxes | 28,900 | |||
Net Income | 42,500 |
What is the Net Profit Margin?
A. | 0.069 | |
B. | 0.052 | |
C. | 0.116 | |
D. | 0.132 |
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