Question: need help with the net profit margin M3-22 (Algo) Preparing an Income Statement and Calculating Net Profit Margin [LO 3-1, LO 3-5] Required: 1. For
M3-22 (Algo) Preparing an Income Statement and Calculating Net Profit Margin [LO 3-1, LO 3-5] Required: 1. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate (1) whether it is reported in the income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, fevenue, or expense account. The first item is glven as an example. 2. Old Time Cable also reported $4,440 in operating expenses. Based on the avallable information, determine the company's net profit margin expressed as a percent Complete this question by entering your answers in the tabs below. Old Time Cable also reported $4,440 in operating expenses, Based on the wailable information, determine the company's net proflt margin expeessed as a percent. (Raund your answer to 1 decimal place.) 1. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, first item is given as an example. 2. Old Time Cable also reported $4,440 in operating expenses. Based on the available informatic profit margin expressed as a percent. Complete this question by entering your answers in the tabs below. For each of the following items in Old Time Cable, Incorporated's financial statements, indicate (1) w the income statement or balance sheet and (2) whether it is an asset, liability, stockholders' equity, account. The first item is given as an example
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