Question
Kroger's 2012 financial statements show interest expense of $435 million, net income of $602 million, sales of $90,374 million, and average total assets of $23,491
Kroger's 2012 financial statements show interest expense of $435 million, net income of $602 million, sales of $90,374 million, and average total assets of $23,491 million. Assume that the statutory tax rate is 35%.
How much is Krogers's profit margin for the year?
A. 0.98&
B. 2.84%
C.15.10%
D.
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The Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency
Authors: Felix Pomeranz
1st Edition
1556233914, 978-1556233913
