Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate this years net income margine for the co

calculate this years net income margine for the company Use...

90.2K

Verified Solution

Question

Accounting

calculate this years net income margine for the company
image
image
Use the fallowina Chart flintl of Accounts to anawer auestions 7-12. Calculate this year's net income margin (also known as net profit margin) for the Company and interpret its meaning?: a. 608.70% which means that the company is very profitable b. 42.79% which means that the company earns $1 profit for every 42.79 cents in sales revenue c. 100.00% which means that the company is not profitable. d. 16.43\% which means that the company earns 16.43 cents profit for every $1 in salos revenue

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Aldi, a discount supermarket retailer, has grown from its German base to the rest of Europe,...

Operations Management
Q

Explain the likely physical and chemical reaction of the limestone due to the effect weathering process,...

Civil Engineering
Q

Find either a linear or an exponential function that models the data in the table. x ?3 ?2 ?1 0 1 y 128 64 32 16 8 ?f(x)= ?(Use integers...

Advance Math
Q

You may choose one of the following contextual settings: Fashion and Garment Industry Perishable Food Products (Ready...

General Management
Q

Radioisotopes of which of the following elements can be used to discriminate fossils of creatures...

Biology
Q

Which of the following outcomes of a carbohydrate fermentation test is NOT possible?Yellow medium and...

Biology
Q

A allusion B repetition C parallelism D emotional appeal The Crisis No 1 by Thomas...

Biology
Q

Pierce Manufacturing determines that the daily revenue in dollars from the sale of x lawn...

Calculus
Q

Fleetwood Company recently had a computer malfunction and lost a portion of its...

Accounting
Q

In a company that purchases inventory and that uses a perpetual inventory system, paying transportation...

Accounting
Q

Cane Company manufactures two products called Alpha and Beta that sell for $240 and $162,...

Accounting
Q

Inventory Turns COGS/Average Inventory (Or Year End Inventory) Gross Margin (Net Revenue ...

Accounting