Question: The following information is available: . Sales: $750,000 . Net Income: $50,000 Retained Earnings: $80,000 Average Stockholders' Equity: $240,000 . Dividends: $15,000 What is the net income percentage?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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What is the net income percentage?

Question:
The following information is available:
. Sales: $750,000
.
Net Income: $50,000
Retained Earnings: $80,000
Average Stockholders' Equity: $240,000
. Dividends: $15,000
What is the net income percentage?
Transcribed Image Text:Question: The following information is available: . Sales: $750,000 . Net Income: $50,000 Retained Earnings: $80,000 Average Stockholders' Equity: $240,000 . Dividends: $15,000 What is the net income percentage?
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