Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:QUESTION 28
Accounts Receivable
$1,000
Accounts Payable
100
Accumulated Depreciation
(4,000)
Cost of Goods Sold
8,000
Depreciation Expense
2,000
Interest Expense
500
Other Operating Expenses
300
Retained Earnings
1,200
Sales, Net
12,000
Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
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