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Financial Information: JKL Retailers Revenue: $70 million Cost of Goods Sold: $45 million Operating Expenses: $15 million Net Income: $6 million Total Assets: $80 million
- Financial Information: JKL Retailers
- Revenue: $70 million
- Cost of Goods Sold: $45 million
- Operating Expenses: $15 million
- Net Income: $6 million
- Total Assets: $80 million
- Total Liabilities: $30 million
- Calculate the gross profit.
- Determine the operating profit margin.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
