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Presented below is the comparative income statement of Edison Company for 2020 and 2019. Edison Company Income Statement For the Year Ended February 28 2020

Presented below is the comparative income statement of Edison Company for 2020 and 2019.

Edison Company Income Statement For the Year Ended February 28
2020 2019
Sales $187,821 $107,685
Cost of Goods Sold $110,590 $69,844
Gross Profit $77,231 $37,841
Operating Expenses
Administrative Expense $22,829 $12,087
Selling Expense $22,737 $24,931
Total Operating Expenses $45,566 $37,018
Other Income and Expenses
Interest Expense $1,571 $850
Income Before Income Tax $30,094 $-27
Income Tax $9,028 $-8
Net Income (Loss) $21,066 $-19

Calculate the following ratios for both years. Enter net profit margin as a percentage.

2020 2019
Net Profit Margin Answer Answer
Time Interest Earned Answer

Answer

In which year does the company have a better performance with respect to the net profit margin calculated in part a)?

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