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The first 3 photos are to be used to solve the last question.Thank you VANISHING GAMES CORPORATION Income Statement For the Month Ended January 31,
The first 3 photos are to be used to solve the last question.Thank you
VANISHING GAMES CORPORATION Income Statement For the Month Ended January 31, 2021 \begin{tabular}{|l|rr|} \hline Revenues & \\ \hline Service Revenue & $ & 466,450 \\ \hline Total Revenues & & 466,450 \\ \hline Expenses & & \\ \hline Advertising Expense & $ & 14,300 \\ \hline Salaries and Wages Expense & & 380,000 \\ \hline Utilities Expense & 6,260 \\ \hline Total Expenses & & 400,560 \\ \hline Net Income & $ & 65,890 \\ \hline \end{tabular} VANISHING GAMES CORPORATION Statement of Retained Earnings For the Month Ended January 31, 2021 \begin{tabular}{|l|rr|} \hline Retained Earnings, January 1, 2021 & $ & 2,498,100 \\ \hline Add: Net Income & & 65,890 \\ \hline Less: Dividends & $ & 0 \\ \hline Retained Earnings, January 31, 2021 & $2,563,990 \\ \hline \end{tabular} Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % Step by Step Solution
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