Below is Company B's financial statements at the end of 2022. What is the Net Profit Margin
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Question:
Below is Company B's financial statements at the end of 2022. What is the Net Profit Margin Ratio of Company B?
Net sales | $1,700.0 |
Variable operating costs | 1,330.0 |
Fixed operating costs, less depreciation | 100.0 |
Depreciation | 30.0 |
Interest | 70.0 |
Taxes | 68.0 |
Preferred dividends | 10.0 |
Common dividends | 19.0 |
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