Multiple Choice
Refer to the following information to answer the question(s) regarding Port Royal:
Net sales $927,641
Gross profit $301,483
Net profit $48,457
Total assets $203,869
Total liabilities $74,325
-Port Royal's net profit-to-equity ratio is:
A) 23.8 percent.
B) 37.4 percent.
C) 16.1 percent.
D) 232.7 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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