Question
A small business has the following information for the month of January: Total revenue: $30,000 Total cost of goods sold (COGS): $15,000 Total operating expenses:
A small business has the following information for the month of January:
- Total revenue: $30,000
- Total cost of goods sold (COGS): $15,000
- Total operating expenses: $8,000
- Interest expense: $1,000
- Depreciation expense: $2,000
Calculate the following:
- Gross profit
- Operating profit
- Net profit
- Gross profit margin
- Operating profit margin
- Net profit margin
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
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