Question: This assignment is based on T extbook Exercise- M3 -21 (Equilibrium Riding, Inc.) p. 131 Based on the information provided, you are required to :

This assignment is based on Textbook Exercise- M3 -21 (Equilibrium Riding, Inc.) p. 131

Based on the information provided, you are required to :

Prepare an Income Statement for the year ending December 31;

Calculate the Net Profit Margin; and

Briefly explain what the profit margin means for Equilibrium Riding, Inc.

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