Question
Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason,
Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason, she needs to calculate the operating margin from the information given below.
Net sales…………………………………………………….........….$3,500,000
Cost of goods sold………………………………………………....1,750,000
Office rent…………………………………………………………...........54,500
Selling expenses………………………………………………….......350,000
Interest expense…………………………………………………….......50,000
Other operating expenses…………………………………………..88,500
Which of the following will be the result?
(a). 38.4%
(b). 35.9%
(c). 64.1%
(d). 85.9%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
b 359 Operating margin Opera...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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