I need Accounting help please Rio Imports Information from the financial stateme

Question

I need Accounting help please

Rio Imports Information from the financial statements are provided below: 2015 2014 $460,000 $320,000 240,000 640,000 840,000 1,080,000 160,000 102,000 Current Liabilities Long-Term Liabilities Stockholders' Equity Net Cash Flows from Operating Activities Interest and Principal Payments24,000 Net Sales Net Income Interest Expense Income Taxes Dividends Paid to Common Stockholders 16,000 950,000 900,000 180,000 144,000 17,000 23,000 29,000 30,00060,000 32,000 Refer to Rio Imports. The net profit margin percentage for 2015 is: a. 18.95% )b. 14.32% ) c. 24.11% : d. 16.00%

Explanation / Answer

net profit margin for 2015=net income/net sales=180,000/950,000=18.95%

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