Question
Local Co. has sales of $10.6 million and cost of sales of $5.9 million. Its selling, general and administrative expenses are $460,000 and its research
Local Co. has sales of $10.6 million and cost of sales of $5.9 million. Its selling, general and administrative expenses are $460,000 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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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
