Question: Given the transactions in M3 6 and M3 7 including
Given the transactions in M3- 6 and M3- 7 (including the examples), prepare an income statement for Bill’s Extreme Bowling, Inc., for the month ended July 31. (This income statement would be considered “preliminary” because it uses unadjusted balances.) What is the company’s net profit margin, expressed as a percent (to one decimal place)?
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