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Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the net operating profit margin, presenting your answer in percentage terms, rounded
Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the net operating profit margin, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Recall that in calculating the net operating profits after taxes, the tax rate is found by dividing tax expense by earnings before tax. Sales $94,412 Gross profits $58,601 Operating profits (EBIT) $34,759 Earnings before taxes (EBT) $28,149 Net profits $29,484 Tax expense 9,155 Depreciation expense $10,767 Total assets, beginning of year $83,185 Total assets, end of year $83,463 Total equity, beginning of year $45,725 Total equity, end of year $46,407 Cash flow from operations $34,287 Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the return on equity for the year, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Sales $110,607 Gross profits $59,762 Operating profits (EBIT) $33,418 Earnings before taxes (EBT) $25,843 Net profits $19,955 Tax expense 8,079 Depreciation expense $10,168 Total assets, beginning of year $95,283 Total assets, end of year $100,699 Total equity, beginning of year $56,817 Total equity, end of year $61,905 Cash flow from operations $20,651
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