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Other Fields Homework Help Accounting Topic started by: ya-yaa on Jul 24, 2023


Title: Younis Corporations income statement appears below:Income StatementSales (all on account)$ ...
Post by: ya-yaa on Jul 24, 2023

Younis Corporation’s income statement appears below:

Income Statement
Sales (all on account)$ 1,240,000
Cost of goods sold780,000
Gross margin460,000
Operating expenses416,571
Net operating income43,429
Interest expense14,000
Net income before taxes29,429
Income taxes (30%)8,829
Net income$ 20,600

The company’s net profit margin percentage is closest to:



▸ 37.1%

▸ 3.5%

▸ 2.4%

▸ 1.7%

Title: Re: Younis Corporations income statement appears below:Income StatementSales (all on account)$ ...
Post by: iffn23 on Jul 24, 2023
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