Use the data for Northeast Industries Inc from P4 41A
Use the data for Northeast Industries, Inc., from P4-41A.

1. Calculate the gross profit percentage for Northeast Industries, Inc., for the year.
2. The gross profit percentage for 2011 was 58.6%. Did the gross profit percentage improve or deteriorate during 2012?
3. Calculate the net income percentage for Northeast Industries, Inc.
4. The net income percentage for 2011 was 21.3%. Did the net income percentage improve or deteriorate during2012?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help