Local Co. has sales of $10.3 million and cost of sales of $6.2 million. Its selling, general
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Local Co. has sales of $10.3 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $510,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.2 million and a tax rate of25%.
a. What is Local's gross margin? (answer in %, Round to one decimal place.)
b. What is Local's operating margin? (answer in %, Round to one decimal place.)
c. What is Local's net profit margin? (answer in %, Round to two decimal places.)
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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