Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I need to know the answer of this question as soon as possible!! Thanks in advance. Local Co. has sales of S106 maion and cost

I need to know the answer of this question as soon as possible!! Thanks in advance.
image text in transcribed
Local Co. has sales of S106 maion and cost of sales of$5.9 million. Its selling general and administrative expenses are s480,000 and its research and development is $1.5 million. It has annual depreolation charges of S1.4 million and a tax rate of 35%. a. What is Locals gross margin? What is Locals operating margin? e. What is Locals net profit margin? a. What is Locans gross margin? Loears gross margin 443% (Round to one decimel place) What is Locare operating margin? Loca's operating margin is (Round to one decimal place) What is Loca's net profit margin? Locars net profi margin is Round two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions