The 2014 Income Statement of Nasir Inc

question 323

Essay

The 2014 income statement of Nasir Inc. shows operating revenues of $135,800, selling expenses of $40,310, general and administrative expenses of $33,990, interest expense of $880, and income tax expense of $13,090. Nasir's stockholders' equity was $250,000 at the beginning of the year and $345,000 at the end of the year. The company has 10,000 shares of stock outstanding at December 31, 2014.
Required:
Compute Nasir's profit margin. What other information would you need in order to comment on whether this ratio is favorable?

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Definitions:

Health-Promotion Activities

Actions and strategies aimed at improving individual and community health, such as exercise programs, nutritional education, and smoking cessation support.

Conceptual Frameworks

Structured tools used in research and academia to outline possible courses of action or to present a preferred approach to an idea or thought, providing a foundation upon which scientific research or projects can be built.

Goal Attainment

A concept used primarily in healthcare and psychology which refers to the achievement of set objectives or desired outcomes in treatment or therapeutic settings.

Walking Program

A structured plan of physical activity focusing on walking, designed to improve or maintain health. It is often recommended for its cardiovascular benefits.