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Presented below is the comparative income statement of Einstein Company for 2020 and 2019. Einstein Company Income Statement For the Year Ended December 31 2020

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

Einstein Company Income Statement For the Year Ended December 31
2020 2019
Sales $188,420 $110,898
Cost of Goods Sold $116,809 $66,795
Gross Profit $71,611 $44,103
Operating Expenses
Administrative Expense $19,699 $12,111
Selling Expense $26,466 $24,899
Total Operating Expenses $46,165 $37,010
Other Income and Expenses
Interest Expense $1,390 $1,134
Income Before Income Tax $24,056 $5,959
Income Tax $7,217 $1,788
Net Income (Loss) $16,839 $4,171

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.

2020 2019
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 :Answer (2019 or 2020)

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