Harley Company has provided the following selected financial information. 2015 2016 Total assets $3,200,000 $3,600,000 Net sales
Fantastic news! We've Found the answer you've been seeking!
Question:
Harley Company has provided the following selected financial information.
| 2015 | 2016 | |
| Total assets | $3,200,000 | $3,600,000 |
| Net sales | $7,200,000 | $9,000,000 |
| Net income | $640,000 | $450,000 |
What is Harley's 2016 net profit margin (rounded)?
Expert Answer:
Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
Posted Date:
