Question
A-Rod Fishing Supplies had sales of $2,340,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was
| A-Rod Fishing Supplies had sales of $2,340,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 5 percent of the total assets of $4,490,000. |
| What was the firms operating profit? |
| Operating profit | $ |
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Fundamentals Of Investments
Authors: Charles J. Corrado
3rd Edition
0072829192, 978-0072829198
