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I need help with a quiz and forgot my book for Fundamentals of financial accounting Based on the following income statement what is the Net
I need help with a quiz and forgot my book for Fundamentals of financial accounting
Based on the following income statement what is the Net Profit Margin Ratio?
Cinnamon and Spice., Inc. | |
Income Statement | |
As of Dec. 31, 200X | |
Revenue: | |
Sales | $180,000 |
Expenses: | |
Selling expense | 84,000 |
Operating expense | 18,000 |
Interest expense | 11,000 |
Other expense | 7,000 |
Total expense | 120,000 |
Net Income | $60,000 |
33.33% |
66.67% |
3% |
1.5% |
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