FUNDAMENTAL ACCOUNTING PRINCIPLES
FUNDAMENTAL ACCOUNTING PRINCIPLES
25th Edition
ISBN: 9781307703733
Author: Wild
Publisher: McGraw Hil
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Chapter 15, Problem 18E
To determine

Introduction: Standard net income and other comprehensive income are summarised in the financial statement known as the statement of comprehensive income. The outcome of creating an income statement is to know the net income.

To Prepare: The statement of comprehensive income.

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The fiscal 2010 financial statements for Neptune, Inc report revenues of $14,892,615, net operating profit after tax of $987,625, net operating assets of $6,124,587. The fiscal 2009 balance sheet reports net operating assets of $5,995,633. What is Neptune s 2010 net operating profit margin?
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