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5. Yolo Corporations income statement appears below: Income Statement Gross margin........................ 340,000 Gross margin % Operating expenses.............. 20% Net operating income............ 43,429 Interest expense.................... 14,000
5. Yolo Corporations income statement appears below:
Income Statement | |
Gross margin........................ | 340,000 |
Gross margin % Operating expenses.............. | 20% |
Net operating income............ | 43,429 |
Interest expense.................... | 14,000 |
Net income before taxes....... | 29,429 |
Income taxes (20%)............... | 5,886 |
Net income........................... | $ 23,543 |
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What would be Yolo corporations net profit margin percentage?
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