QUESTION 11 Consider the following financial data for Larry's Pool Supply Cash Receivables Inventories Total current assets Statement of Financial Position as of December 31, 2012 $ 57,000 Accounts payable $ 169,000 Short-term bank note 242.000 Accruals $ 468,000 Total short-term liab. Long-term debt 458.000 Common equity $ 926.000 Total liabilities & equity $ Income Statement for the Year Ended December 31, 2012 $ 646,000 430,000 $ 216.000 116.500 A 46,500 101,500 46.500 194.500 389,000 342.500 926.000 Net fixed assets Total assets Sales Cost of merchandise sold Gross profit Operating expenses EDIT $ $ Sales Cost of merchandise sold Gross profit Operating expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (45 percent) Net earnings 646,000 430,000 216,000 116.500 99.500 29.500 70,000 31.500 38,500 $ $ Calculate Larry's net profit margin. O a. 11.24% b.5.96% C. 8.23% d. 17.82% Oe. 4.16%