Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Income Statement ($ millions expect per share data) Total revenues 94,749 Cost of sales 74,564 Gross Profit 20,185 Operating, selling & administrative expenses 14,951 Operating
Income Statement ($ millions expect per share data) Total revenues 94,749 Cost of sales 74,564 Gross Profit 20,185 Operating, selling & administrative expenses 14,951 Operating Profit 5,234 Interest on debt 692 Interest on capital leases 196 Income before income taxes 4,346 Provision for federal and state income taxes 1,606 Net income 2,740 What is the operating profit margin? % 2 decimals
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started