Prior Year Current Year Income from Operations $1700 1400 Net Income 850 700 Tot

Question

                                                    Prior Year                             Current Year

Income from Operations    $1700                                         1400

Net Income                              850                                              700

Total Assets                           10000                                          9000

Total Stockholders' Equity    8000                                           7500

Total Revenue                         9000                                          7000

Explanation / Answer

Net Profit margin = net income / sales revenue
"prior" year = 850 / 9,000 = 0.09444 or 9.44%
"current" year = 700 / 7,000 = 0.10 or 10%

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