$1,000 Accounts Receivable 100 Accounts Payable (4,000) Accumulated Depreciation 8,000 Cost of Goods Sold Depreciation Expense 2,000 Interest Expense 500 Other Operating Expenses 700 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.

1. Income Statement -

This statement shows the income earned and loss incurred by the organization in the financial year. It gives a summary of the revenue earned during the accounting period and Expenses incurred during the accounting year. It also shows the net profit or loss made by the organization.