6/1/2020 Question 12 1 pts See the explanation below to work the problem. XYZ Company, a Yor-profit business, had revenues of $20 million in 2019. Expenses other than depreciation totaled 70 percent of revenues. XYZ Company, must pay taxes at a rate of 40 percent of pretax (operating) income. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. Depreciation originally was $3 million; however, a change in the depreciation schedule (still within GAAP) has now inade the depreciation expense DOUBLE. Based on this change in depreciation expense, what would XYZ's profit margin be