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its asking for the operating profit margins, need help and explaining. Based on the information in Table 4-1, the operating profit margin is Table 4-1
its asking for the operating profit margins, need help and explaining.
Based on the information in Table 4-1, the operating profit margin is Table 4-1 Stewart Company Balance Sheet Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets S600.000 900,000 1.500.000 75.000 $3,075,000 8,000,000 (2,075,000) $5,925,000 59,000,000 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity $800,000 700,000 50,000 $1,550,000 2.500,000 4,950,000 $9,000,000 Question Completion Status: Support Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity $800,000 700,000 50,000 $1,550,000 2.500.000 4,950.000 $9,000,000 Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income O 47.5% O 37.5%. 0 26.4%. O 32.8% $10,000,000 (3,000,000) (2,000,000 (250,000) (200,000 4,550,000 (1.820,000) $2,730,000 Step by Step Solution
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