Question
Local Co. has sales of $10.5 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $480,000 and its research
Local Co. has sales of $10.5 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $480,000 and its research and development is $1.5 million. It has annual depreciation charges of $1.4 million and a tax rate of 35%.
a. What is Local's gross margin?
b. What is Local's operating margin?
c. What is Local's net profit margin?
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The Global Financial Crisis And The New Monetary Consensus
Authors: Marc Pilkington
1st Edition
0415524059, 978-0415524056
