73 Yellow Corporation's income statement appears below: 74 Income Statement 76 Sales (all on account Cost of goods sold Gross margin $1,240,000 780000 460,000 416,571 43,429 14000 29,429 78 79 80 81 82 83 84 85 86 87 ex ses Net operating income nterest expense Net income before taxes Income taxes (30%) Net income 20,600 1 Calculate the company's net profit margin percentage 89 91 2 If the company's net profit margin was 2.00% in the prior year, would this year's numbers indicate an improvement or deterioration, why? 92 93