Question
A-Rod Fishing Supplies had sales of $2,680,000 and cost of goods sold of $2,080,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was
A-Rod Fishing Supplies had sales of $2,680,000 and cost of goods sold of $2,080,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 5 percent of the total assets of $4,530,000.
What is the firms operating profit?
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
