Question
In 2019 Snout and Smith, Inc. had a gross profit $28,600 and sales $70,000. S & S's operating expenses for 2019 were $9,600. Snout and
In 2019 Snout and Smith, Inc. had a gross profit $28,600 and sales $70,000. S & S's operating expenses for 2019 were $9,600. Snout and Smith had no interest expense in 2019. Using this information, what was S & S's operating profit margin for 2019?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
