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Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.

Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.

FINANCIAL ACCOUNTING
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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QUESTION 28 Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
Transcribed Image Text:QUESTION 28 Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold 8,000 Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 300 Retained Earnings 1,200 Sales, Net 12,000 Using the financial statement line items above, calculate the Net Profit Margin as a percentage rounding to the nearest tenth of a percent.
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