A contractor's income statement shows gross profit of $500,000 and net income of $75,000. If total revenue was $2,000,000, what is the net profit margin?
Correct Answer
D) 3.75%
Net profit margin = Net Income ÷ Total Revenue = $75,000 ÷ $2,000,000 = 3.75%
Why This Is the Correct Answer
Net profit margin = Net Income ÷ Total Revenue = $75,000 ÷ $2,000,000 = 3.75%
More NASCLA Questions
Which AIA document contains the general conditions that govern the rights and responsibilities of all parties in a construction contract?
A construction company has direct labor costs of $85,000, direct materials of $120,000, and overhead costs of $45,000 for a project. What is the total job cost?
What is the primary purpose of job cost accounting in construction?
A construction company has current assets of $350,000 and current liabilities of $280,000. What is the company's working capital?
In CSI MasterFormat, which division covers earthwork and site preparation?
In a mechanical drawing, what does 'CFM' typically measure?
In CSI MasterFormat Division 08, which of the following would typically be included?
On a mechanical plan, what does the symbol 'RTU' typically indicate?
What is the minimum preheat temperature for welding ASTM A992 steel when the ambient temperature is 15°F?
A general contractor's balance sheet shows total assets of $850,000, current liabilities of $320,000, and long-term debt of $180,000. What is the company's equity?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Contract Administration
60 questions · 70% to pass
Project Management
60 questions · 70% to pass
Related Study Resources
Previous Question
A masonry crew of 3 workers can lay 1,200 square feet of block wall per day. If the crew costs $85 per hour total and works 8-hour days, what is the labor cost per square foot for block installation?
Next Question
Which document is most critical for defending against a claim that defective work was accepted by the owner?