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PLEASE ANSWER ALL QUESTIONS Local has sales of $10.7 million and cost of sales of $5.6 millionIts selling, general and administrative expenses are $510,000 and
PLEASE ANSWER ALL QUESTIONS
Local has sales of $10.7 million and cost of sales of $5.6 millionIts selling, general and administrative expenses are $510,000 and its research and development is 1 4 million has annual depreciation charges of 1.4 million and a tax rate of 25%. a. What is Local's gross margin? b. W hat is Local's operating margin? . What is Local's net profit margin?
a . What is Local's gross margin? Local's gross margin is ( Round to one decimal place.) 
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
