Selected financial information presented below was obtained from the financial statements of the Gaapa Valley Brewery: Current Assets $ 49,000 Property and Equipment, net 69,000 Current Liabilities 49,500 Noncurrent Liabilities 39,500 Stockholder?s Equity 21,000 Sales Revenue 60,000 Net Income 21,600 What was the net profit margin ratio?
Selected financial information presented below was obtained from the financial statements of the Gaapa Valley Brewery: Current Assets $ 49,000 Property and Equipment, net 69,000 Current Liabilities 49,500 Noncurrent Liabilities 39,500 Stockholder?s Equity 21,000 Sales Revenue 60,000 Net Income 21,600 What was the net profit margin ratio?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3SEB
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Give me answer for the financial accounting question
![Selected financial information presented below was obtained from the financial statements of the Gaapa Valley
Brewery:
Current Assets
$ 49,000
Property and Equipment, net 69,000
Current Liabilities
49,500
Noncurrent Liabilities
39,500
Stockholder?s Equity
21,000
Sales Revenue
60,000
Net Income
21,600
What was the net profit margin ratio?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8af6d6fd-9065-4633-b6a6-059d29af45ae%2Fc7cdf54f-7fd7-4e10-91c7-424dda5ccaa8%2Fwhg0ctr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Selected financial information presented below was obtained from the financial statements of the Gaapa Valley
Brewery:
Current Assets
$ 49,000
Property and Equipment, net 69,000
Current Liabilities
49,500
Noncurrent Liabilities
39,500
Stockholder?s Equity
21,000
Sales Revenue
60,000
Net Income
21,600
What was the net profit margin ratio?
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