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Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets Dividends Total liabilities Expenses Common stock $
Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets Dividends Total liabilities Expenses Common stock $ 100,000 $ 5,000 $ 60,000 $ 80,000 $ 10,000. Retained earnings (beginning of year) $ 15,000 Required: 1. Calculate the company's net profit margin expressed as a percent. (Round your answer to the nearest whole percent.) Net Profit Margin % 2. Indicate whether it represents an improvement or deterioration relative to the 15.0 percent net profit margin earned in the previous year, O Improvement O Deterioration
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