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Given the following income statement calculate the operating profit margin Your Awesome Business Name Income Statement For the Period Ended December 31, 2019 REVENUE Sales
Given the following income statement calculate the operating profit margin
Your Awesome Business Name Income Statement For the Period Ended December 31, 2019 REVENUE Sales Revenue Interest Income Gain/(Loss) on sale of assets Total Revenue $90,000 100 1000 $91,100 EXPENSES Marketing Utilities Insurance Rent Expense Wages & Salaries Interest Expense Total Expenses $5,000 1,750 3,000 24,000 25,000 750 $59,500 Profit before tax $31,600 Income Tax Expense 6.400 NET INCOME $25,200 Step by Step Solution
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