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Hello I'm struggling on this homework question may I please get help? Thank you. Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable
Hello I'm struggling on this homework question may I please get help? Thank you.
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? 272 Common Stock @par value 37,600 42.000 COGS 131.400 172.939.00 Depreciation expense 21,600 22 20500 Interest expense 16 200 16 324.00 Inventories 111.600 115 200 Long-term debt 135.000 189.077.00 LA Long-term debt 135,000 139,077.00 Net fixed assets 376,934.00 399,600 Notes payable 59,400 64.800 50,400 60,438.00 Operating expenses (excl. depr.) Retained earnings 122.400 136.800 Sales 255,600 339.051.00 Taxes 9.900 18.688.00 What is the firm's current year operating profit margin? SubmitStep by Step Solution
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