Question
A company has the following financial information for the year ending December 31, 2022: Total revenue: $850,000 Cost of goods sold: $200,000 Operating expenses: $140,000
A company has the following financial information for the year ending December 31, 2022:
Total revenue: $850,000
Cost of goods sold: $200,000
Operating expenses: $140,000
Interest expense: $17,000
Depreciation expense: $20,000
Calculate:
1. gross profit
2. operating profit
3.net profit
4. gross profit margin
5.operating profit margin
6.net profit margin.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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