Asked by Brandon Morrone on Apr 28, 2024
Verified
Younis Corporation's income statement appears below: 
The company's net profit margin percentage is closest to:
A) 37.1%
B) 3.5%
C) 2.4%
D) 1.7%
Net Profit Margin Percentage
A financial metric indicating the percentage of revenue that remains as net income after all expenses are deducted.
Income Statement
A financial document that shows a company's income, expenses, and net profit over a specified period.
- Evaluate and understand the measure of net profit margins and their contribution to profitability.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
D
Explanation :
Net profit margin percentage = Net income ÷ Sales
= $20,600 ÷ $1,240,000 = 1.7% (rounded)
= $20,600 ÷ $1,240,000 = 1.7% (rounded)
Learning Objectives
- Evaluate and understand the measure of net profit margins and their contribution to profitability.