Question
Local Co. has sales of $10.4 million and cost of sales of $6.4 million. Its selling, general and administrative expenses are $510,000 and its research
Local Co. has sales of $10.4 million and cost of sales of $6.4 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 $1.3 million and a tax rate of 35%. a. What is Locals gross margin? b. What is Locals operating margin? c. What is Locals net profit margin?
Round to ONE decimal place
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
