Required information [The following information applies to the questions displayed below.] 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. Accounts Payable Cash Cleaning Expense $ 300 1,000 900 3,000 Equipment Repairs Expense Service Revenue Wages Expense $ 2,400 200 2,000 800 Common Stock 2. The owner of MyBnB was hoping the company would generate a net profit margin of at least 10 percent. Based on the financial statements prepared in requirement 1, determine whether the owner met her goal as of November 30. (Round your answer to 1 decimal place.) Net profit margin 13