Question
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) |
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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 |
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| Long-term bonds | 1,000.0 |
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| Total debt | $2,800.0 |
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| Common stock (50,000 shares) | 200.0 |
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| 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 |
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INCOME STATEMENT (in millions) |
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Net sales | $6,000.0 |
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Operating costs | 5,599.8 |
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Depreciation | 100.2 |
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EBIT | $ 300.0 |
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Less: Interest | 96.0 |
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EBT | $ 204.0 |
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Less: Taxes | 49.8 |
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Net income | $ 154.2 |
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A. | 2.23% | |
B. | 2.57% | |
C. | 1.23% | |
D. | 0.0257% | |
E. | 0.0223% |
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