Question
In 2018, XYZ Inc. had sales of $36 million, costs of goods sold of $15 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 $15 million, Sales, General and Administrative (SG&A) expenses of $6 million, Depreciation expenses of $4 million, Interest expenses of $800,000, Average Tax Rate of 17%, total debt of $15 million, and total assets of $31 million. What was XYZ Inc.'s Profit Margin as of 2018?
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
