Question
A-Rod Fishing Supplies had sales of $2,460,000 and cost of goods sold of $1,310,000. Selling and administrative expenses represented 14 percent of sales. Depreciation was
A-Rod Fishing Supplies had sales of $2,460,000 and cost of goods sold of $1,310,000. Selling and administrative expenses represented 14 percent of sales. Depreciation was 12 percent of the total assets of $4,930,000.
What was the firms operating profit?
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Software Quality Assurance A Guide For Developers And Auditors
Authors: Howard T. Garst Smith
1st Edition
1574910493, 978-1574910490
