Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results....
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Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total assets = $120,000 Total liabilities = $70,000 Common stock = $12,000 Dividends = $5,200 Expenses = $82,000 Retained earnings (beginning of year) = $17,000
1. Calculate the companys net profit margin expressed as a percent
2. Indicate whether it represents an improvement or deterioration relative to the 18 percent net profit margin earned in the previous year
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