Quick accounting question The fiscal 2010 financial statements for Neptune, Increport revenues of $14,892,615, net operating profitafter tax of $987,625, net operating assets of$6,124,587. The fiscal 2009 balance sheet reports netoperating assets of $5,995,633. What is Neptune s 2010net operating profit margin?

Step 1: Define Net Operating Income:The net operating income is the gross profit in excess of the…

Answered: The fiscal 2010 financial statements…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The fiscal 2010 financial statements for Neptune, Inc report revenues of $14,892,615, net operating profit after tax of $987,625, net operating assets of $6,124,587. The fiscal 2009 balance sheet reports net operating assets of $5,995,633. What is Neptune s 2010 net operating profit margin?