Announcement to my fellow classmates/college mates who are being taught by Yeo in Accounting.
NET PROFIT MARGIN = NET PROFIT (AFTER INTEREST AND TAX)
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NET ASSET/CAPITAL EMPLOYED
According to online resources as well as Cambridge official answer schemes, I noticed that the NP margin equation is as above, so this is a tiny amendment. [source: wikipedia and supported by multiple cambridge answer scheme]
Umm if you think this is pointless, nevermind, because in exam it normally carries 2 marks or 4 marks at times, so if you wish to be ignorant, my say is you are more than welcome to do so :)
Monday, May 11, 2009
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