Question: Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 profit margin. Enter your answer as a number with 4 decimal places
Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 profit margin. Enter your answer as a number with 4 decimal places of precision (i.e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point. Balance Sheet as of December 31 2017 Income Statement 2017 2016 - 2017 2016 Sales Revenue $ 75,680 Assets Liabilities and Shareholder Equity Operating costs Excluding D&A 59.920 Current Asset Current Liabilities EBITDA 15,760 Cash and Equivalents $ 2,783 $ 2,612 Accruals $ 179 $ 80 Depreciation and Amortization 3,237 Accounts receivable 3,780 3,108 Accounts payable 2,190 1,975 Earnings before interest and taxes (EBIT) $12.523 inventory 10,970 9,840 Notes payable 1,438 1,386 Interest 2,964 Total Current Assets $17.533 $ 15.560 Total Current Liabilities $ 3,807 $3,441 Earnings before taxes (EBT) 9,559 Taxes (38%) 3.632 Long-term Debt 13,840 12,510 Net Income $ 5,927 Total Liabilities 17,647 15,951 Long-term Assets Not Hud Assets 41,323 29,650 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 25,000 $ 25,000 16,209 4,259 $ 41.209 S 29,259 Total Assets $58,856 $ 45,210 Total Liabilities and Shareholder Equity $ 58.856 $ 45,210
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