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?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 31P
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 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?

 

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