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Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 45,000 Property and Equipment, net 65,000
| Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: |
| Current Assets | $ | 45,000 |
| Property and Equipment, net | 65,000 | |
| Current Liabilities | 47,500 | |
| Noncurrent Liabilities | 37,500 | |
| Stockholders Equity | 25,000 | |
| Sales Revenue | 55,000 | |
| Net Income | 25,300 | |
|
| ||
| What was the net profit margin ratio? |
| 46.00% |
| 56.00% |
| 98.81% |
| 23.00% |
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The Internal Auditing Pocket Guide
Authors: J. P. Russell
1st Edition
0873895606, 978-0873895606
