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Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the net profit margin, presenting your answer in percentage terms, rounded to
Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the net profit margin, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Sales $117,163 Gross profits $57,749 Operating profits (EBIT) $31,306 Earnings before taxes (EBT) $29,259 Net profits $16,371 Tax expense 9,417 Depreciation expense $10,516 Total assets, beginning of year $89,987 Total assets, end of year $86,264 Total equity, beginning of year $40,059 Total equity, end of year $46,070 Cash flow from operations $29,317 Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the return on assets for the year, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.0096. Sales $101,446 Gross profits $57,465 Operating profits (EBIT) $30,806 Earnings before taxes (EBT) $29,642 Net profits $22,502 Tax expense 8,000 Depreciation expense $14,884 Total assets, beginning of year $96,728 Total assets, end of year $95,252 Total equity, beginning of year $45,731 Total equity, end of year $47,844 Cash flow from operations $30,677
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