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Calculate net profit margin for the year for muggie pty ltd

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Reference no: EM132830999

The following information has been extracted from the financial statements of Muggie Pty. Ltd., a mug wholesaler.

Accounts 2019 in thousands

Interest expense $4

COGS $303

Accounts receivable $320

Inventory $330

Bank loan (5 years) $580

Accounts payable $230

Property, plant and equipment $1,300

Sales $677

Selling expenses $22

Administrative expenses $16

Tax expense $75

Required:

Problem 1: Calculate net profit margin for the year 2019. Leave two (2) decimal places.

Reference no: EM132830999

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