{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T05:10:22-04:00", "answer_date": "2024-05-25 05:10:22", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1669858", "url": "\/study-help\/questions\/local-co-has-sales-of-109-million-and-cost-of-1669858", "question_creation_date_js": "2024-05-25T05:10:22-04:00", "question_creation_date": "May 25, 2024 05:10 AM", "meta_title": "[Solved] Local Co. has sales of $10.9 million and | SolutionInn", "meta_description": "Answer of - Local Co. has sales of $10.9 million and cost of sales of $5.5 mition. Its seting, general and administrative expenses | SolutionInn", "meta_keywords": "local,sales,$10.9,million,cost,$5.5,mition,seting,general,administrative,expenses,$460,000", "question_title_h1": " Local Co. has sales of $10.9 million and cost of sales of $5.5 mition. Its seting, general and administrative expenses are $460,000 and its", "question_title": " Local Co. has sales of $10.9 million and cost of sales", "question_title_for_js_snippet": "Local Co has sales of $10 9 million and cost of sales of $5 5 mition Its seting, general and administrative expenses are $460,000 and its research and development is $1 2 milion It has annual depreciation charges of $1 3 million and a tax rate of 25 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 Loca's gross margin is (Round to one decimal place ) b What is Local's operating margin Locals operating margin is (Round to one decimal place ) e What is Local's net profit margin Locals net profit margin is (Round to two decimal places )", "question_description": "\"image", "transcribed_text": "Local Co. has sales of $10.9 million and cost of sales of $5.5 mition. Its seting, general and administrative expenses are $460,000 and its research and development is $1.2 milion. It has annual depreciation charges of $1.3 million and a tax rate of 25% 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? Loca's gross margin is %. (Round to one decimal place.) b. What is Local's operating margin? Locals operating margin is % (Round to one decimal place.) e. What is Local's net profit margin? Locals net profit margin is %. (Round to two decimal places.)", "related_book": { "title": "Cornerstones of Managerial Accounting", "isbn": "324660138, 978-0324660135", "edition": "3rd Edition", "authors": "Mowen, Hansen, Heitger", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/94.jpg", "uri": "\/textbooks\/cornerstones-of-managerial-accounting-3rd-edition-94", "see_more_uri": "" }, "free_related_book": { "isbn": "1738670287", "uri": "\/textbooks\/make-money-your-thing-ditch-the-shame-and-design-your-dream-life-1st-edition-9781738670284", "name": "Make Money Your Thing Ditch The Shame And Design Your Dream Life", "edition": "1st Edition" }, "question_posted": "2024-05-25 05:10:22", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/in-which-section-do-you-create-vlan-on-cisco-wlc-654207", "description": "In which section do you create VLAN on Cisco WLC ? ? 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