Recent Posts • Latest Topics • Unanswered Questions

Younis Corporations income statement appears below:Income StatementSales (all on account)$ ...

ya-yaa

wrote...

Go to Answer

Posts: 137

Rep:

9 months ago

Younis Corporations income statement appears below:Income StatementSales (all on account)$ ...

Younis Corporation’s income statement appears below:

Income Statement
Sales (all on account)	$ 1,240,000
Cost of goods sold	780,000
Gross margin	460,000
Operating expenses	416,571
Net operating income	43,429
Interest expense	14,000
Net income before taxes	29,429
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%

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 100 times

1 Reply

Report

Replies

Answer verified by a subject expert

iffn23

wrote...

Posts: 146

Rep:

9 months ago

More solutions for this book are available here

Report

Related Topics

ya-yaa Author

wrote...

9 months ago

This calls for a celebration Person Raising Both Hands in Celebration

emilyas19

wrote...

Yesterday

Correct

decibul

wrote...

2 hours ago

Smart ... Thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

791 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

322

326

308

Your Opinion

Previous poll results: Which of the following is the best resource to supplement your studies:

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.