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Income Statement (5 millions) Net Sales Cost of goods sold Depreciation Earnings before interest & taxes Interest expense Taxable income Less: Taxes 35% Net Income
Income Statement (5 millions) Net Sales Cost of goods sold Depreciation Earnings before interest & taxes Interest expense Taxable income Less: Taxes 35% Net Income 2013 $ 85,723 34,227 11,611 39,389 5,245 34,114 11,950 $ 22,194 Acme Building Products Balance Sheet ($ millions) $ $ 2013 4,932 Cash Ascits Receivable Inventory 2012 1,668 $ 5,617 3,848 11,113 2013 1,897 5,327 4,947 12,171 Accounts Payable Notes Payable Total Long-term Debt 2012 4,694 $ 2,500 7,194 9,800 Total 4,932 11,650 Net Fixed Assets 27,489 27,107 Common Stock Retained Earnings Total Total Assets 17,500 4,128 38,622 $ 17,500 5,196 39,278 $ 38,622 $ 39,278 $ par value of $1 per share What is Acme's Net Profit Margin for 2013? O 0.31 O 3.86
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