Sams Appliances Income Statement ending 12/31/18 includes the following, in millions:

Net Sales: $462

Cost of Goods: $235

Gross Profit: $227

Operating Expenses: $181

EBIT: $46

What is the gross margin for Sams Appliances for the year ending 2018?

49.2%

29.2%

20.6%

30.9%

Sams Appliances Income Statement ending 12/31/18 includes the following, in millions:

Net Sales: $462

Cost of Goods: $235

Gross Profit: $227

Operating Expenses: $181

EBIT: $46

What is the operating profit margin for Sams Appliances for the year ending 2018?

6.0%

10.0%

12.4%

20.6%

During the Initial Public Offering (IPO) process, companies hire investment banks to help generate interest from investors. Which of the following is NOT an example of a buyside investor?

Group of answer choices

Pension Fund

Endowment

Hedge Fund

Commercial Bank

Mutual Fund