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Chapter Homework x Mpsetoeation.com .tw Kiyo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets = $130,000 Total
Chapter Homework x Mpsetoeation.com .tw Kiyo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets = $130,000 Total liabilities - $75,000 Common stock = $13,000 Dividends = $5,300 Expenses = $83,000 Retained earnings (beginning of year) = $18,000 Required: 1. Calculate the company's net profit margin expressed as a percent. (Round your answer to the nearest whole percent.) Net Profit Margin 2. Indicate whether it represents an improvement or deterioration relative to the 19 percent net profit margin earned in the previous year. Improvement Deterioration Type here to search
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