QUESTION 26 The following information is to be used for questions 26 through 34 Straton Corporation has provided the following financial data: What is the net profit margin percentage? Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 208,000 247,000 165,000 56,000 676,000 1,000,000 1,676,000 200,000 290,000 180,000 50,000 720,000 920,000 Total current assets Plant and equipment, net Total assets $ 1,640,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities 115,000 107.000 120,000 90,000 70,000 on on 68,000 on non Click Save and Submit to save and submit. Click Save All Answers to save all answers Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity 115,000 107,000 68,000 290,000 290,000 580,000 120,000 90,000 70,000 280,000 290,000 570,000 140,000 90,000 866,000 1,096,000 140,000 90,000 840,000 1,070,000 3.6% 2.1% 2.8% 4.1% QUESTION 26 The following information is to be used for questions 26 through 34 Straton Corporation has provided the following financial data: What is the net profit margin percentage? Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 208,000 247,000 165,000 56,000 676,000 1,000,000 1,676,000 200,000 290,000 180,000 50,000 720,000 920,000 Total current assets Plant and equipment, net Total assets $ 1,640,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities 115,000 107.000 120,000 90,000 70,000 on on 68,000 on non Click Save and Submit to save and submit. Click Save All Answers to save all answers Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity 115,000 107,000 68,000 290,000 290,000 580,000 120,000 90,000 70,000 280,000 290,000 570,000 140,000 90,000 866,000 1,096,000 140,000 90,000 840,000 1,070,000 3.6% 2.1% 2.8% 4.1%