Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015:
-Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company.
A) 14.25%
B) 20.36%
C) 23.92%
D) 29.84%

Question

Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: 
-Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company.
A) 14.25% 
B) 20.36% 
C) 23.92% 
D) 29.84%

Quizplus · Accepted Answer

The Answer of Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: 
-Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company.
A) 14.25% 
B) 20.36% 
C) 23.92% 
D) 29.84%

Exhibit 5-2 The Following Is an Income Statement from the Financial Records