Given the following account information, determine the net profit margin.

Cash	$19,000
Wage Expense	$29,000
Interest Expense	$5,000
Income Tax Expense	$17,000
Net Sales	$258,000
Accounts Receivable	$36,000
Common Stock	$68,000
Gain on Sale of Investment	$21,000
Cost of Goods Sold	$128,000
Retained Earnings	$41,000

multiple choice

• .80

• .55

• .88

• .31

• 2.58

• .23

• .45

• .39