Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PQR Corp. had $36,500,000 in revenues (sales). $12,600,000 in Costs of Goods Sold (COGS), $5,900,000 in SG&A expenses, $4,700,000 in depreciation expenses. $3,500,000 in interest

image text in transcribed
PQR Corp. had $36,500,000 in revenues (sales). $12,600,000 in Costs of Goods Sold (COGS), $5,900,000 in SG&A expenses, $4,700,000 in depreciation expenses. $3,500,000 in interest expenses, and had the tax rate of 21%. The firm also had $56,200,000 in total assets and $14,200,000 in total liabilities during the same fiscal year. What was the firm's profit margin? O 0.212 O 0.153 O 0.122 O 0.184 Question 4 2.86 pts STU Corp. had $46,000,000 in revenues (sales). $15,400,000 in Costs of Goods Sold (COGS). $5.900,000 in SG&A expenses, $4,300,000 in depreciation expenses, $3,500,000 in interest expenses, and $2,200,000 in tax expenses. The firm held $36,900,000 in total assets, of which $2,000,000 were in cash or equivalent. $4.500,000 were in accounts receivable, and $5,600,000 were in inventories. $23,400,000 of the $36.900,000 in total assets were in shareholder's equity. What was the firm's average tax rate? O 11% O 13% O 18% O 21%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivative Products And Pricing The Das Swaps And Financial Derivatives Library

Authors: Satyajit Das

1st Edition

0470821647, 9780470821640

More Books

Students also viewed these Finance questions

Question

8. Explain how to price managerial and professional jobs.pg 87

Answered: 1 week ago