Solved

Last Year, Lenny's Lemonade Had $3,500 in Sales, and Cost

Question 20

Multiple Choice

Last year, Lenny's Lemonade had $3,500 in sales, and cost of goods sold was $2,000. Depreciation expenses totaled $500 and interest expense was $700. If the tax rate is 25%, what is the net profit margin for Lenny's Lemonade? What is its NOPAT margin?


A) 6.43% and 21.43%
B) 20.7% and 21.43%
C) 2.14% and 32.14%
D) 22.86% and 32.14%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions