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Given the following account information, determine the net profit margin. Cash $19,000 Wage Expense $29,000 Interest Expense $5,000 Income Tax Expense $17,000 Net Sales $258,000
Given the following account information, determine the net profit margin.
| Cash | $19,000 |
| Wage Expense | $29,000 |
| Interest Expense | $5,000 |
| Income Tax Expense | $17,000 |
| Net Sales | $258,000 |
| Accounts Receivable | $36,000 |
| Common Stock | $68,000 |
| Gain on Sale of Investment | $21,000 |
| Cost of Goods Sold | $128,000 |
| Retained Earnings | $41,000 |
multiple choice
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.80
-
.55
-
.88
-
.31
-
2.58
-
.23
-
.45
-
.39
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