Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14! I need the answer and explanation! thank you A firm has sales of $915,000.00, cost of goods of $394,120.00, selling and administrative expense of

14! I need the answer and explanation! thank you image text in transcribed A firm has sales of $915,000.00, cost of goods of $394,120.00, selling and administrative expense of $97,510.00 and depreciation and amortization expense of $52,270.00. What is the gross profit margin for the firm? Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) A firm has sales of $915,000.00, cost of goods of $394,120.00, selling and administrative expense of $97,510.00 and depreciation and amortization expense of $52,270.00. What is the operating profit margin for the firm? Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) IHOP Inc. has total assets of $743.00 million, total debt of $486.00 million, and net sales of $287.00 million in the past year. Its net profit margin for the past year is 10.00%, while the operating profit margin is 17.00%. What is IHOP's net income for the past year? (Answer in terms of millions, 1,000,000 would be 1.00 ) Answer format: Currency: Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions