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 %

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Chapter1: Financial Statements And Business Decisions
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The following data are from annual reports of Jen's Jewelry Company:
2021
2020
2019
Total assets
$ 60,700
$ 52,000
11,100
$ 41,000
Total liabilities
Total stockholders' equity
Sales revenue
14,600
46,100
163,900
51,900
6,500
34,500
132,400
24,300
40,900
150,300
40,600
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
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Transcribed Image Text:O Log In | Federa x MUMassD Logor X E QuickLaunch- R Chapter folder x * Cengage D Univ of Mass - X mheducation.com Homework i Saved The following data are from annual reports of Jen's Jewelry Company: 2021 2020 2019 Total assets $ 60,700 $ 52,000 11,100 $ 41,000 Total liabilities Total stockholders' equity Sales revenue 14,600 46,100 163,900 51,900 6,500 34,500 132,400 24,300 40,900 150,300 40,600 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 < Prev 6 of 9 Next > o search
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Net profit margin ratio = Net profit / Sales revenue

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