For Meters, Inc

Multiple Choice

For Meters, Inc., refer to the following information to answer the question(s) below:
Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most recent income statement. The company's balance sheet shows total assets of $342,742 and total liabilities of $88,367.
-What is the net profit margin for Meters, Inc.?

A) 8.5 percent
B) 1.91:1
C) 21.8 percent
D) 29.3 percent