5. After three years in business, you are being evaluated for a promotion. One measure...
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Accounting
5. After three years in business, you are being evaluated for a promotion. One measure is how effectively you managed the sales and expenses of the business. The following data are available:
2018*
2017
2016
Total assets
$
87,000
$
45,000
$
43,000
Total liabilities
50,000
26,500
14,000
Total stockholders equity
37,000
18,500
29,000
Sales revenue
98,500
77,500
57,500
Net income
22,600
11,000
4,900
*At the end of 2018, Kaylee decided to open a second store, requiring loans and inventory purchases prior to the stores opening in early 2019.
5-a. Calculate the net profit margin ratio for each year. (Round your answers to 1 decimal place.)
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