Question: Based on the Income Statement below answer the following question: What is the Net profit ratio for the year 2019? * for your answer round

 Based on the Income Statement below answer the following question: What

Based on the Income Statement below answer the following question: What is the Net profit ratio for the year 2019? * for your answer round to two decimals DO NOT use percentages, dollar signs nor commas. USE periods. i.e., (0.11) MY FACTORY INCORPORATED INCOME STATEMENT Fiscal Year (In thousands of dollars) 2019 2018 $2.284.911 $ 1.825.344 Revenues Costs and expenses: Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses. Depreciation and amortization expens Impaiment of assets Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, net Income before lates Income tax provision 583.008 637565 456,973 125.142 93.545 2.011 13.179 454.141 490.649 349.198 105.302 79.354 5.668 -18.489 -6.393 1.095 -300 211 -357 43.450 32.314 Net income

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