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Roselawn Company reported net sales of $90,000 and net income of $18,000 for Year 1 and net sales of $100,000 and net income of $20,000
Roselawn Company reported net sales of $90,000 and net income of $18,000 for Year 1 and net sales of $100,000 and net income of $20,000 for Year 2. Total assets amounted to $200,000 and $246.000 at the end of Year 1 and Year 2, respectively. What is the company's net profit margin for Year 2? (Enter your answer as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) Net Profit Margin 96
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