As an entrepreneur, you are focused on understanding profitability. Their company had gross revenue of $380,000 in the last year with annual operating expenses of $273,600. They ask you to help them calculate the net profit margin of the company. What is the net profit margin of this company?

As an entrepreneur, you are focused on understanding profitability. Their company had gross revenue of $380,000 in the last year with annual operating expenses of $273,600. They ask you to help them calculate the net profit margin of the company. What is the net profit margin of this company?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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