We appreciate your visit to Billie Jean s Bridals has the following financial data Total assets 350 000 Current assets 74 000 Total liabilities 280 000 Accounts receivable 12 000. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The net profit percentage for Billie Jean's Bridals is calculated by dividing the net profit after taxes by net sales and then multiplying by 100. The result is 35.9375%, which rounds to 35.9%, So, the correct option is E) 35.9 percent.
Explanation:
To calculate the retailer's net profit percentage, we use the formula:
Net Profit Percentage = (Net Profit After Taxes / Net Sales) × 100
Using the figures provided:
Net Profit Percentage = ($23,000 / $64,000) × 100 = 35.9375%
This result is closest to option 35.9 percent, which should be rounded down to match the options given.
Thus, the net profit percentage for Billie Jean's Bridals is 35.9 percent.
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