Barry Allen's Sport Performance Center reported: $100M in Net Sales (Revenues); $40M in Operating Income; $24M in Net Income; and $150M in Total Equity. What is the company's net profit margin (Net Income ÷ Net Sales)? The industry average is 10%. How should the company respond? Question 32Select one:
A. The company's net profit margin equals 40%. The company should take no corrective action.
B. The company's net profit margin equals 24%. The company should decrease its net income.
C. The company's net profit margin equals 8%. The company should increase its net sales.
D. The company's net profit margin equals 24%. The company should take no corrective action.
E. The company's net profit margin equals 8%. The company should decrease its net income.