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value: 1.00 points M3-11 Computing and Explaining the Net Profit Margin Ratio LO3-6 The following data are from annual reports of Jen's Jewelry Company: 2018

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value: 1.00 points M3-11 Computing and Explaining the Net Profit Margin Ratio LO3-6 The following data are from annual reports of Jen's Jewelry Company: 2018 2017 2016 Total assets $ 59,700 $ 52,400 $ 41,300 Total liabilities 13,700 11,000 6.100 Total stockholders' equity 46,000 41,400 35,200 Sales revenue 163,900 151,200 132,300 Net income 51,100 40,500 24,200 Compute Jen's net profit margin ratio for each year. (Round your answers to 2 decimal places.) Year Net Profit Margin Ratio % % 2018 2017 2016 5.47% References eBook & Resources Difficulty: 2 Medium

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