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The following information is available for Seaside Manufacturing: • Sales: $900,000 • Net Income: $45,000 • • Retained Earnings: $85,000 Average Stockholders' Equity: $300,000 Dividends: $15,000 What is the net income percentage?

The following information is available for Seaside Manufacturing: • Sales: $900,000 • Net Income: $45,000 • • Retained Earnings: $85,000 Average Stockholders' Equity: $300,000 Dividends: $15,000 What is the net income percentage?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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What is the net income percentage on these general accounting question?

The following information is available for Seaside Manufacturing: • Sales: $900,000 • Net Income: $45,000 • • Retained Earnings: $85,000 Average Stockholders' Equity: $300,000 Dividends: $15,000 What is the net income percentage?
Transcribed Image Text:The following information is available for Seaside Manufacturing: • Sales: $900,000 • Net Income: $45,000 • • Retained Earnings: $85,000 Average Stockholders' Equity: $300,000 Dividends: $15,000 What is the net income percentage?
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