Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 ( 1 point ) Kitchen Spot Co . had revenues of $ 1 2 , 3 6 2 , 0 2 7 in

Question 6(1 point)
Kitchen Spot Co. had revenues of $12,362,027 in 2015. They sold 364,400 ovens through Home Depot. Their fixed costs were $3,126,163.75, and their contribution margin was 40%. What is their net profit margin?
679.74%
14.71%
1.47%
0.15%
The correct answer is not listed
image text in transcribed

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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale

14th Edition

ISBN: 0137943601, 9780137943609

More Books

Students also viewed these Finance questions

Question

What is dividend payout ratio ?

Answered: 1 week ago

Question

Explain the factors affecting dividend policy in detail.

Answered: 1 week ago