2.8 Financial information for BAMMMM. follows for year ends 12/31/2020 and 12/31/2019 follow: ...
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Accounting
2.8 Financial information for BAMMMM. follows for year ends 12/31/2020 and 12/31/2019 follow:
| 2020 | 2019 | |
| Current Assets | 13,000 | 14,500 |
| Total Assets | 48,000 | 45,500 |
| Total Liabilities | 34,000 | 29,500 |
| Sales | 22,000 | 23,000 |
| Gross Profit | 14,000 | 14,500 |
| Net Income | 2,400 | 2,800 |
Problem 5.2
The net profit margin for 2020 is:
Group of answer choices
16.00%
17.14%
17.33%
10.91%
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