Question
Please provide the formula used for these problems 1) Ajack Co. reported the following for 2017: Sales = $3MM; Cost of Goods Sold = $1.5MM;
Please provide the formula used for these problems
1) Ajack Co. reported the following for 2017: Sales = $3MM; Cost of Goods Sold = $1.5MM; Depreciation Expense = $170K; Administrative Expenses = $150K; Interest Expense = $30K; Marketing Expenses = $80K; and Taxes = $300K. Ajack's gross profit is equal to
$770K
$1.07MM
$1.1MM
$1.5MM
2) The Aleris Company reported Net Profit Margin of 4%, COGS of $800K, Taxes of $34K, Sales of $2MM, Interest Expense of $65K and Operating Expenses of $280K for the period.
What is its EBIT?
What is its Net Income?
3) The Markel Company reported Net Profit Margin of 2.5%, COGS of $1.8MM, Operating Margin of 7%, Interest Expense of $105K and Taxes of $89K
Is its GM less than or greater than its Operating Margin?
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