Solved

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

Question 52

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?


A) 6.43%
B) 20.70%
C) 2.14%
D) 22.86%

Correct Answer:

verifed

Verified

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

Related Questions

Q47: Net cash burn occurs when cash burn

Q48: Following is financial statement information for Rogex

Q49: The extent to which a venture is

Q50: Net working capital is a dollar amount

Q51: Industry comparable ratio analysis involves comparing a

Q53: A venture's cash, marketable securities, and receivables

Q54: Following is financial statement information for Rogex

Q55: Following is financial statement information for Rogex

Q56: Which of the following ratios is calculated

Q57: The term "cash build" as used in