Question: 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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