Question: the following information applies to the questions displayed below an...
|[The following information applies to the questions displayed below.]|
An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained.
|Common Stock||Retained Earnings|
|2-a.||Prepare an income statement as of July 31.|
|2-b.||Prepare a statement of retained earnings for July, 31.|
Prepare a classified balance sheet as of July 31, 2013.
Calculate the net profit margin, expressed as a percent.(Round your answer to 1 decimal place.)