Question
Calculate the firm's Gross Profit Margin. TellmeTech Income Statement Net Sales $255,850 Cost of Goods Sold $125,600 Gross Profit $130,250 Selling and Admin. Expenses $43,500
Calculate the firm's Gross Profit Margin.
TellmeTech Income Statement
Net Sales $255,850
Cost of Goods Sold $125,600
Gross Profit $130,250
Selling and Admin. Expenses $43,500
Depreciation Expense $ 21,300
Operating Income (EBIT) $ 65,450
Interest Expense $18,350
Income Before Taxes (EBT) $ 47,100
Taxes (21%) $9,891
Net Income $37,209
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
