Question
Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 400 Retained
| Accounts Receivable | $1,000 |
| Accounts Payable | 100 |
| Accumulated Depreciation | (4,000) |
| Cost of Goods Sold | 8,000 |
| Depreciation Expense | 2,000 |
| Interest Expense | 500 |
| Other Operating Expenses | 400 |
| Retained Earnings | 1,200 |
| Sales, Net | 12,000 |
Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
