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Presented below is the comparative income statement of Einstein Company for 2019 and 2018. Einstein Company Income Statement For the Year Ended June 30 2019

Presented below is the comparative income statement of Einstein Company for 2019 and 2018.

Einstein Company Income Statement For the Year Ended June 30
2019 2018
Sales $186,445 $108,947
Cost of Goods Sold $119,780 $61,580
Gross Profit $66,665 $47,367
Operating Expenses
Administrative Expense $15,944 $14,840
Selling Expense $21,733 $22,477
Total Operating Expenses $37,677 $37,317
Other Income and Expenses
Interest Expense $1,530 $995
Income Before Income Tax $27,458 $9,055
Income Tax $8,237 $2,717
Net Income (Loss) $19,221 $6,338

a) Calculate the following ratios for both years.

Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places.

2019 2018
Net Profit Margin Answer

Answer

Time Interest Earned Answer

Answer

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

Year:Answer20182019

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