Question: Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 60,000 ,Property and Equipment. net 80,000,

Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: Current Assets $ 60,000 ,Property and Equipment. net 80,000, Current Liabilities 55,000 , Noncurrent Liabilities 45,000 , Stockholders Equity 24,000 , Sales Revenue 70,000 , Net Income 34,300 .

What was the net profit margin ratio? 49.00%

24.50%

69.97%

57.00%

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