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I am having issues with the bottom portion of this question. Dr. Zhivgo Diagnostics Corp.'s income statement for 20X1 is as follows: 720 , aaa
I am having issues with the bottom portion of this question.
Dr. Zhivgo Diagnostics Corp.'s income statement for 20X1 is as follows: 720 , aaa 350, aa 370,aa 318, saa 95 , 223, ma Sales Cost of goods sold Gross profit Selling and administrative Operating profit Interest expense Income before taxes Taxes (30%) Income after taxes expense $ 2, 790,aa 51 4aa a. Compute the profit margin for (Input the profit margin as a percent rounded to 2 decimal places.) Profit margin 7.99 % : b. Assume that in 20X2, sales increase by 10 percent and cost of goods sold increases by 20 percent The firm is able to keep all other expenses the same. Assume a tax rate of 30 percent on income before taxes. What is income after taxes and the profit margin for 20X2? (Input the profit margin as e percent rounded to 2 decimal places.) 20k Income after taxes Profit margin
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