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Use the following data to prepare the 2015 annual income statement for Kvass, Inc, using proper headings, subtotals, and totals. Assume their year-end is December
Use the following data to prepare the 2015 annual income statement for Kvass, Inc, using proper headings, subtotals, and totals. Assume their year-end is December 31. Using the income statement you have prepared for Kvass, Inc., calculate the net profit margin. In your own words explain what the net profit margin means, and how to interpret it for Kvass, Inc
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