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ellow Corporation's income statement appears below Income Statement Sales (all on account Cost of goods sol Gross margin Operating expenses Net operating income nterest expense
ellow Corporation's income statement appears below Income Statement Sales (all on account Cost of goods sol Gross margin Operating expenses Net operating income nterest expense Net income before taxes Income taxes (30%) Net income $1,240,000 460,000 43,429 29,429 1 Calculate the company's net profit margin percentage 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
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