Question
In 2018, XYZ Inc. had sales of $36 million, costs of goods sold of $17 million, Sales, General and Administrative (SG&A) expenses of $6 million,
In 2018, XYZ Inc. had sales of $36 million, costs of goods sold of $17 million, Sales, General and Administrative (SG&A) expenses of $6 million, Depreciation expenses of $5 million, Interest expenses of $500,000, Average Tax Rate of 21%, total debt of $15 million, and total assets of $26 million. Calculate XYZ Inc.'s profit margin as of 2018.
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
