What is the firm net profit margin

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A company with gross receipts of $127,504,000. It carries average inventory of $5,347,000, has COGS of $76,874,000, has overall administrative, salary, and other expenses of $28,697,000, and depreciation of $16,500,000. What is the firm's net profit margin? (The correct answer is C, but I don't underestnad how to get the result. Based on my calcualtion I get 4%)

a. $31,260,300

b. 24.5%

c. Both a. and b.

d. None of the above.

2. The monetary base is ____________. It is important because _______________.

A. Currency plus reserves; it directly measures the impact of the federal reserve monetary policy.

B. Currency plus demand deposits at banks; it directly measures the impact of the federal reserve monetary policy

C. Reserves only; it measures expected inflation

D. Currency only; it measures actual inflation

E. Deposits only; it shows the principal assets of the central bank

Reference no: EM131878362

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