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5. After three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of
5. After three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available:
2018* | 2017 | 2016 | ||||
Total assets | $ | 87,000 | $ | 45,000 | $ | 43,000 |
Total liabilities | 50,000 | 26,500 | 14,000 | |||
Total stockholders equity | 37,000 | 18,500 | 29,000 | |||
Sales revenue | 98,500 | 77,500 | 57,500 | |||
Net income | 22,600 | 11,000 | 4,900 | |||
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*At the end of 2018, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the stores opening in early 2019.
5-a. Calculate the net profit margin ratio for each year. (Round your answers to 1 decimal place.)
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