
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Transcribed Image Text:Question:
The following information is available:
. Sales: $750,000
Net Income: $50,000
Retained Earnings: $80,000
Average Stockholders' Equity: $240,000
. Dividends: $15,000
What is the net income percentage?
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