Question
ABCDE Corp.'s income statement in 2019 conveyed the following information: Sales $30,000,000 COGS $9,580,000 SG&A $3,560,000 Depreciation $5,455,000 Interest Payment to Debts $3,000,000 Tax $1,755,000
ABCDE Corp.'s income statement in 2019 conveyed the following information:
Sales $30,000,000
COGS $9,580,000
SG&A $3,560,000
Depreciation $5,455,000
Interest Payment to Debts $3,000,000
Tax $1,755,000
What was this firm's Average Tax Rate?
What was the firm's profit margin?
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Financial And Managerial Accounting
Authors: Nonso E Okpala
1st Edition
1634873904, 9781634873901
