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STU Corporation has the following financial data for the year 2023: Net Sales: $500,000 Cost of Goods Sold: $300,000 Administrative Expenses: $50,000 Selling Expenses: $60,000
STU Corporation has the following financial data for the year 2023:
- Net Sales: $500,000
- Cost of Goods Sold: $300,000
- Administrative Expenses: $50,000
- Selling Expenses: $60,000
- Interest Expense: $10,000
- Tax Expense: $15,000
Requirements:
- Prepare an income statement.
- Calculate the gross profit margin.
- Calculate the operating profit margin.
- Compute the net profit margin.
- Analyze the impact of a 10% increase in sales on the net profit margin.
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