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Is the comparative income statement of Edison Company for 2020 and 2019. Edison Company Income Statement For the Year Ended August 31 2020 2019
Is the comparative income statement of Edison Company for 2020 and 2019. Edison Company Income Statement For the Year Ended August 31 2020 2019 Sales $188,973 $102,081 Cost of Goods Sold $110,148 $64,522 Gross Profit $78,825 $37,559 Operating Expenses Administrative Expense $24,332 $10,257 Selling Expense $28,683 $24,286 Total Operating Expenses $53,015 $34,543 Other Income and Expenses Interest Expense $1,383 $1,160 Income Before Income Tax $24,427 $1,856 $7,328 $557 Income Tax Net Income (Loss) $17,099 $1,299 a) Calculate the following ratios for both years. Enter net profit margin as a percentage. Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places.
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