2.8 Financial information for BAMMMM. follows for year ends 12/31/2020 and 12/31/2019 follow:
2020
2019
Current Assets
13,000
14,500
Total Assets
48,000
45,500
Total Liabilities
34,000
29,500
Sales
22,000
23,000
Gross Profit
14,000
Net Income
2,400
2,800
Problem 5.2
The net profit margin for 2020 is:
Group of answer choices
16.00%
17.14%
17.33%
10.91%
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
