(Answered) Question - on january 1 2014 a company has assets of 1510

Accounting

Question - On January 1, 2014, a company has assets of $15.10 billion and stockholders' equity of $8.90 billion. On January 1, 2015, the same company has assets of $19.10 billion and stockholders' equity of $9.90 billion. During 2014, the company had total sales revenue of $9.90 billion and total expenses of $6.10 billion. If the company doesn't have other sources of revenue, calculate its net profit margin during 2014?

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