Question
Harley Company has provided the following selected financial information. 2015 2016 Total assets $3,200,000 $3,600,000 Net sales $7,200,000 $9,000,000 Net income $640,000 $450,000 What is
Harley Company has provided the following selected financial information.
| 2015 | 2016 | |
| Total assets | $3,200,000 | $3,600,000 |
| Net sales | $7,200,000 | $9,000,000 |
| Net income | $640,000 | $450,000 |
What is Harley's 2016 net profit margin (rounded)?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
