In 2011, a firm’s cash and cash equivalent increased from $3.72 million to $4.15 million, and its account receivable dec

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In 2011, a firm’s cash and cash equivalent increased from $3.72
million to $4.15 million, and its account receivable decreased from
$2.74 million to $ 2.46 million. Its inventory increased from $7
million to $ 7.25 million, and its total long-term assets increased
from $15 million to $17 million. Its accounts payable decreased
from $1.7 million to $1.35 million, and its long-term liabilities
decreased from $10 million to $9.2 million. Its depreciation and
amortization was $0.2 million. In 2011, this firm had cash flow
from operating activities of $1.67 million, price per share of $8,
shares outstanding of 3.7 million, and market-to-book ratio of 6,
equity multiplier of 1.6, and total asset turnover of 1.2.
Moreover, you know in 2011, this firm had other income of $0.5
million, operating expense of $1 million, interest income of $0.2
million, taxes of $0.3 million. In 2011, this firm’s EBIT margin
was closest to:
A. 13.30% B. 19.95% C. 23.28% D. 9.98% E. 16.63%