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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

*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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