Question
Razorback, Inc. has the following information. Revenue $6,500,000 Cost of goods sold $5,525,000 Depreciation expense $ 250,000 Other operating expenses $ 545,000 Interest expense $
Razorback, Inc. has the following information.
Revenue $6,500,000
Cost of goods sold $5,525,000
Depreciation expense $ 250,000
Other operating expenses $ 545,000
Interest expense $ 125,000
Tax expense $ 20,000
What is Razorback, Inc.'s net profit margin?
| a. | 6.6% | |
| b. | 2.8% | |
| c. | 1.9% | |
| d. | 0.8% | |
| e. | 0.5% |
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
