What is the net income percentage? The following information is available:Sales: $920,000Net Income: $64,400•Retained Earnings: $105,000•Average$310,000Stockholders'Equity:Dividends: $22,500What is the net income percentage?

Step 1: Definition Concept of Net Income Percentage:Net income percentage, also called net profit…

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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? General accounting
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The following information is available: Sales: $920,000 Net Income: $64,400 •Retained Earnings: $105,000 •Average $310,000 Stockholders' Equity: Dividends: $22,500 What is the net income percentage?