Question
NB: Please go ahead and deduct the amount of questions answered out of the 20 questions that i am alloted for this month. I presently
NB: Please go ahead and deduct the amount of questions answered out of the 20 questions that i am alloted for this month. I presently have 20 questions. Or advise me if i have to send them in single format.
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6. In 2013, SuperWidget, Inc., sold 100,000 widgets for $50 each. The cost of goods sold was $20 each. The company had $150,000 in marketing expenses, $50,000 in sales, and $20,000 in G&A. Also, the company has interest expense, as it is paying 10% interest on a $2 million loan due to the bank. The company pays a 30% tax rate. [15 points]
(a) What is the gross profit?
(b) What is the gross profit margin?
(c) What is the operating profit?
(d) What is the pre-tax income?
(e) What is the net income?
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