Question
A companys net profit was $85,000. The company has a corporate tax rate of 35%. During the year, the company paid $10,500 in interest expenses.
A companys net profit was $85,000. The company has a corporate tax rate of 35%. During the year, the company paid $10,500 in interest expenses. The operating expenses were $34,000. The gross profit margin is 45%.
Question: What is the Profit margin and Times-interest-earned?
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Advances In Accounting Volume 23
Authors: Philip M J Reckers
1st Edition
0762314257, 9780762314256
