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Based on the Income Statement below answer the following question: What is the Net profit ratio for the year 2019? *for your answer round to
Based on the Income Statement below answer the following question: What is the Net profit ratio for the year 2019? *for your answer round to two decimals DO NOT use percentages, dollar signs nor commas. USE periods. ie, (0.11) MY FACTORY INCORPORATED INCOME STATEMENT (In thousands of dollars) Fiscal Year 2018 2019 $2.284.911 $ 1.825.344 583.008 637563 456975 125.142 93.545 2.011 454.141 490.649 349198 105 302 79.354 Revenues Costs and expenses: Cost of sales Labor expenses Other Rerating costs and strenses General and administrative expenses Depreciation and amortization expens Impairment of assets Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, net Income before Taxes Income tax provision Net income 13.179 5.668 -6393 1.095 300 -15.489 211 :55 43.450 32 314
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