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Given the following information for the Stevens Corporation, calculate their Operating Profit Margin . Income Statement Net sales $400,000 Cost of goods sold 112,000 Gross
Given the following information for the Stevens Corporation, calculate their Operating Profit Margin.
Income Statement |
|
|
Net sales |
| $400,000 |
Cost of goods sold |
| 112,000 |
Gross profit |
| $288,000 |
Operating expenses |
| 130,000 |
Operating income |
| $158,000 |
Interest expense |
| 16,788 |
Income before taxes |
| $141,212 |
Taxes |
| 48,012 |
Net income |
| $ 93,200 |
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