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1. Average tax rate percentage for 2014. m. Average tax rate percentage for 2015. n. Average tax rate percentage for 2016. o. Net profit margin

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1. Average tax rate percentage for 2014. m. Average tax rate percentage for 2015. n. Average tax rate percentage for 2016. o. Net profit margin percentage for 2014. p. Net profit margin percentage for 2015. q. Net profit margin percentage for 2016. r-t. Answer the multiple choice questions using the information you calculated in parts a -k. 5 CHAPTER 3 Income Statement and Staten me Statement and Statement of Stockholders' Equity Moon Company Income Statements for the Years Ended December 31, 2016, 2015 and 2014 2014 2015 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Net income 2016 $220,000 169,000 $ 51,000 26,000 $ 25,000 7,800 $ 17,200 $196,000 147,000 $ 49,000 25,000 $ 24,000 7,500 $ 16,500 $150,000 108,000 $ 42,000 20,000 $ 22,000 7,000 $ 15,000

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