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MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance

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MyBnB started a home rental company on January 1. As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 3-20 (Algo) Part 6 Based on the financial statements prepared in requirement 5, determine whether the owner met her 10 percent net prof argin goal as of December 31 . (Round your answer to 1 decimal place.)

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