Selected Financial Information Presented Below Was Obtained from the Financial

Selected financial information presented below was obtained from the financial statements of the Napa Valley Brewery: $\begin{array}{lr}\text { Current Assets } & 80,000 \\\text { Property and Equipment, net } & 120,000 \\\text { Current Liabilities } & 90,000 \\\text { Noncurrent Liabilities } & 70,000 \\\text { Stockholder's Equity } & 40,000 \\\text { Sales Revenue } & 100,000 \\\text { Net Income } & 36,000\end{array}$ What was the net profit margin?

A) 45.00%
B) 277.78%
C) 36.00%
D) 18.00%

Correct Answer:

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