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