2017 2016 Current liabilities $250 000 $170 000 Non-current liabilities 130 000 340 000 Shareholders' equity 440 000 560 000 Net cash flows from operating activities 70 000 61 000 Interest and principal payments 14 000 9 000 Net sales 475 000 450 000 Total comprehensive income 105 000 65 000 Interest expense 7 500 13 500 Income tax 18 000 12 500 Dividends paid to ordinary shareholders 16 000 28 000 he net profit margin percentage for 2016 is:
2017 2016 Current liabilities $250 000 $170 000 Non-current liabilities 130 000 340 000 Shareholders' equity 440 000 560 000 Net cash flows from operating activities 70 000 61 000 Interest and principal payments 14 000 9 000 Net sales 475 000 450 000 Total comprehensive income 105 000 65 000 Interest expense 7 500 13 500 Income tax 18 000 12 500 Dividends paid to ordinary shareholders 16 000 28 000 he net profit margin percentage for 2016 is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
A. 14.44%
B. 22.11%
C. 18.95%
D. 16.00%
![Information from Nue Company's financial statements is provided below.
2017
2016
Current liabilities
$250 000
$170 000
Non-current liabilities
130 000
340 000
Shareholders' equity
440 000
560 000
Net cash flows from operating activities
70 000
61 000
Interest and principal payments
14 000
9 000
Net sales
475 000
450 000
Total comprehensive income
105 000
65 000
Interest expense
7 500
13 500
Income tax
18 000
12 500
Dividends paid to ordinary shareholders
16 000
28 000
The net profit margin percentage for 2016 is:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3828de1f-8c2d-4424-863c-86d3960c83c3%2F8c4cf1fa-7eb6-4c3b-b28c-2e924242356d%2Fhv22n4h_processed.png&w=3840&q=75)
Transcribed Image Text:Information from Nue Company's financial statements is provided below.
2017
2016
Current liabilities
$250 000
$170 000
Non-current liabilities
130 000
340 000
Shareholders' equity
440 000
560 000
Net cash flows from operating activities
70 000
61 000
Interest and principal payments
14 000
9 000
Net sales
475 000
450 000
Total comprehensive income
105 000
65 000
Interest expense
7 500
13 500
Income tax
18 000
12 500
Dividends paid to ordinary shareholders
16 000
28 000
The net profit margin percentage for 2016 is:
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