O Log In | Federa xMUMassD Logor XE QuickLaunch-R Chapter folder x* Cengage DUniv of Mass - Xmheducation.comHomework iSavedThe following data are from annual reports of Jen's Jewelry Company:202120202019Total assets$ 60,700$ 52,00011,100$ 41,000Total liabilitiesTotal stockholders' equitySales revenue14,60046,100163,90051,9006,50034,500132,40024,30040,900150,30040,600Net incomeCompute Jen's net profit margin ratio for each year. (Round your answers to 2 decimal places.)YearNet Profit Margin Ratio202120202019< Prev6 of 9Next >o search

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 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Operating data for Joshua Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense 2022 Net income $800,000 520,000 120,000 60,000 30,000 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) 70,000 Amount $800,000 520,000 280,000 120,000 60,000 180,000 100,000 30,000 2021 $70,000 $600,000 408,000 72,000 48,000 24,000 48,000 JOSHUA CORPORATION Condensed Income Statement 2022 Percent % % % % % % % % % Amount $600,000 408,000 192,000 72,000 48,000 120,000 72,000 24,000 $48,000 2021 Percent % % % % % % % % % SUPPOI