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Use the following financial statement information available for Jones Corporation to answer questions 24 - 26 _2017 Net sales $784,000 5697,000 Cost of goods sold

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Use the following financial statement information available for Jones Corporation to answer questions 24 - 26 _2017 Net sales $784,000 5697,000 Cost of goods sold 406,000 377,000 Net income 112,000 80,000 Tax expense 48,000 29,000 Interest expense 14,000 14,000 The net profit margin ratio for Jones Corporation for 2018 is! O 14.3% O 16.1% 48.2% O 11.7% QUESTION 25 The net profit margin ratio for Jones Corporation for 2017 is 4.2% 11.4% 43.0% 42.6%

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