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Exhibit 5-2 The Following Is an Income Statement from the Financial Records

Question 19

Multiple Choice

Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: Exhibit 5-2 The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: -Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company. A) 14.25% B) 20.36% C) 23.92% D) 29.84%
-Refer to Exhibit 5-2. Compute net profit margin for Peace, Love, and Joy Company.


A) 14.25%
B) 20.36%
C) 23.92%
D) 29.84%

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