Question
A-Rod Fishing Supplies had sales of $2,690,000 and cost of goods sold of $1,500,000. Selling and administrative expenses represented 17 percent of sales. Depreciation was
A-Rod Fishing Supplies had sales of $2,690,000 and cost of goods sold of $1,500,000. Selling and administrative expenses represented 17 percent of sales. Depreciation was 7 percent of the total assets of $4,630,000.
What was the firm's operating profit?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
