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Lancaster Company Income Statement for 2020 Sales Cost of goods Depreciation Administrative expense Operating profit Interest Earnings before taxes Taxes Earings after taxes $ 945

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Lancaster Company Income Statement for 2020 Sales Cost of goods Depreciation Administrative expense Operating profit Interest Earnings before taxes Taxes Earings after taxes $ 945 618 20 2.10 97 135 62 112 $50 Balance Sheet as of December 31, 2020 Assets Liabilities Cash $ 105 Notes payable Accounts receivable 367 Accounts payable Inventory 210 Accruals Current Assets 682 Current liabilities Fixed assets 440 Long-term debt Common stock Retained earnings Total Assets $ 1.122 Total Liab +Equity $ 165 305 140 510 300 102 210 $ 1122 With reference to Lancaster Company financial statements above: What was Lancaster's net profit margin ratio in 2020? O46.56% O 8.5 29% O c. 10.26% OD.51.55% O E. None of the above

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