Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most recent income statement. The company's balance sheet shows total assets of $342,742 and total liabilities of $88,367.
3) What is the net profit margin for Meters, Inc.?
Answer : 8.5% (or) 8.52%
NEt porfit MArgin = Net profit / Net sales = 74,563/874,916 = 8.52230 %
Net profit = $ 74,563
Net Sales = $ 874,916
Meters, Inc., reported net sales of $874,916 and a net profit of $74,563 on its most...