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Based on the information in the table, calculate the firm's the operating profit margin Round the answers to two decimal places in percentage form. (Write
Based on the information in the table, calculate the firm's the operating profit margin Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box Balance Sheet December 31, 2010 Cash and $102,000 Accounts payable $287,000 marketable securities Accounts receivable $299,000 Notes payable $61,200 $628,000 Accrued expenses$51,900 Inventories Total current Prepaid expenses $10,300 $400,100 liabilities Total current $1,039,300 Long-term debt $415,000 assets Par value and Gross fixed assets $1,502,000 $376,000 paid-in-capital Less: accumulated depreciation Retained Earnings $1,038,200 $312,000 $1,190,000 Common Equity 1,414,200 Net fixed assets Total liabilities $2,229,300 and owner's equity $2,229,300 Total assets Income statement, Year of 2010 Net sales (all credit)$6,387,700.00 Less: Cost of goods $4,726,898.00 sold Selling and administrative $345,000.00 expenses Depreciation $148,000.00 expense $1,167,802.00 BIT $50,600.00 Interest expense Earnings before $1,117,202.00 taxes $446,880.80 Income taxes $670,321.20 Net income
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