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Seikoson the 2017 Income Statement of Seikoson Shows Operating Revenues of of $130,800

question 180

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Seikoson
The 2017 income statement of Seikoson shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430. Seikoson’s stockholders’ equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2017.

-Read the information about Seikoson.What is Seikoson's profit margin (to the closest tenth of a percent) ?

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Definitions:

Activity Ratio

A financial metric used to measure a company's ability to convert different accounts within its balance sheets into cash or sales.

Financial Ratio

A quantitative measure derived from a company's financial statements used to gauge its performance, financial health, and conditions.

Progress Control

A management technique that involves the monitoring and evaluating of the progress of a project or plan to ensure it meets its objectives within the designated time frame.

SWOT Analysis

A strategic planning technique used to identify a company's internal Strengths and Weaknesses, as well as its external Opportunities and Threats.