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Local Co. has sales of $10.2 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $540,000 and its research
Local Co. has sales of $10.2 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $540,000 and its research and development is $1.3 million. It has annual depreciation charges of $1.3 million and a tax rate of 28%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is %. (Round to two decimal places.)
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
