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Given the financial details of a company, answer the questions: Item Value ($ millions) Total Sales 1000 Cost of Goods Sold 600 Operating Expenses 250
- Given the financial details of a company, answer the questions:
Item | Value ($ millions) |
Total Sales | 1000 |
Cost of Goods Sold | 600 |
Operating Expenses | 250 |
Net Income | 90 |
- a. Calculate the Gross Profit Margin. b. Compute the Operating Profit Margin. c. Determine the Return on Sales (Net Profit Margin). d. If the company wants to achieve a Net Income of $150 million, what should be the maximum allowable Operating Expenses?
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