Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 25

Preparing and Interpreting a Multiple-step Income Statement
Nutboy Theater Company reported the following single-step income statement. Prepare a multiple-step income statement that distinguishes the financial results of the local theater company's core and peripheral activities. Also, calculate the net profit margin using the company's core revenues and compare it to the 8 percent earned in 2012. In which year did the company generate more profit from each dollar of sales