Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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