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6. In 2013, SuperWidget, Inc., sold 100,000 widgets for $50 each. The cost of goods sold was $20 each. The company had $150,000 in marketing
6. In 2013, SuperWidget, Inc., sold 100,000 widgets for $50 each. The cost of goods sold was $20 each. The company had $150,000 in marketing expenses, $50,000 in sales, and $20,000 in G&A. Also, the company has interest expense, as it is paying 10% interest on a $2 million loan due to the bank. The company pays a 30% tax rate. [15 points] (a) What is the gross profit? (b) What is the gross profit margin? (c) What is the operating profit? (d) What is the pre-tax income? (e) What is the net income?
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