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Given the following information what is the Net Profit Margin? BALANCE SHEET (in millions) Cash $ 749.0 Accounts payable $ 800.0 Accts. receivable 907.7 Notes

Given the following information what is the Net Profit Margin?

BALANCE SHEET (in millions)

Cash

$ 749.0

Accounts payable

$ 800.0

Accts. receivable

907.7

Notes payable

700.0

Inventories

683.3

Accruals

300.0

Total current assets

$2,340.0

Total current liabilities

$1,800.0

Long-term bonds

1,000.0

Total debt

$2,800.0

Common stock (50,000 shares)

200.0

Retained earnings

1,000.0

Net plant & equip.

1,660.0

Total common equity

$1,200.0

Total assets

$4,000.0

Total liabilities & equity

$4,000.0

INCOME STATEMENT (in millions)

Net sales

$6,000.0

Operating costs

5,599.8

Depreciation

100.2

EBIT

$ 300.0

Less: Interest

96.0

EBT

$ 204.0

Less: Taxes

49.8

Net income

$ 154.2

A.

2.23%

B.

2.57%

C.

1.23%

D.

0.0257%

E.

0.0223%

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