The following data are from annual reports of Jen's Jewelry Company: 2021 2020 2019 Total assets Total liabilities Total stockholders' equity 14,600 46,100 163,900 51,900 $ 60,700 $ 52,000 $ 41, 000 11,100 40,900 150,300 40,600 6,500 34,500 132,400 24,300 Sales revenue Net income Compute Jen's net profit margin ratio for each year. (Round your answers to 2 decimal places.) Year Net Profit Margin Ratio 2021 % 2020 2019 %
The following data are from annual reports of Jen's Jewelry Company: 2021 2020 2019 Total assets Total liabilities Total stockholders' equity 14,600 46,100 163,900 51,900 $ 60,700 $ 52,000 $ 41, 000 11,100 40,900 150,300 40,600 6,500 34,500 132,400 24,300 Sales revenue Net income Compute Jen's net profit margin ratio for each year. (Round your answers to 2 decimal places.) Year Net Profit Margin Ratio 2021 % 2020 2019 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Net profit margin ratio = Net profit / Sales revenue
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