Question

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


Requirements
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?


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  • CreatedApril 29, 2014
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