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Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s net profit margin. A. 42. 5% b. 55. 7% c. 76. 3% d. 179. 5%.

Respuesta :

Korey's net profit margin is 42.5%.

Net profit margin is the ratio of net income to net sales. It is a profitability ratio.  Profitability ratios measure the efficiency with which a company generates profit from its asset.

Net profit margin = net income / net sales

Net profit margin = $1850 / $4350 = 0.425 = 42.5%

A similar question was answered here: https://brainly.com/question/5990973

Answer:

A. 42.5%

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