Question: The 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

The 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
Stockholder's Equity$24,000
Sales Revenue$70,000
Net Income$34,300

What was the net profit margin ratio?

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