At the End of 2016, Doran Corporation Reported Net Income

question 3

Essay

At the end of 2016, Doran Corporation reported net income of $70,000, gross sales revenue of $1,525,000, and sales returns of $125,000.
Required:
Calculate the net profit margin ratio.

---

Definitions:

Irritable Bowel Syndrome

A chronic gastrointestinal disorder that affects the large intestine, causing symptoms such as abdominal pain, bloating, and altered bowel habits.

Stress Level

A measurement of the amount of stress an individual is experiencing, which can affect physical and mental health.

Pinworms

A common intestinal parasite, Enterobius vermicularis, that causes itching around the anus due to its nocturnal egg-laying behavior.

Cellophane Tape

A thin, transparent adhesive tape made from cellulose, commonly used for sealing, binding, and minor repairs.