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The 2015 income statement for TeleTech is shown here: Net Sales $35,000,000.00 Cost of Goods Sold 15,000,000.00 Gross Profit 20,000,000.00 Selling and Admin. Expenses 1,000,000.00
The 2015 income statement for TeleTech is shown here:
Net Sales | $35,000,000.00 |
Cost of Goods Sold | 15,000,000.00 |
Gross Profit | 20,000,000.00 |
Selling and Admin. Expenses | 1,000,000.00 |
Depreciating Expense | 3,000,000.00 |
Operating Income (EBIT) | 16,000,000.00 |
Interest Expense | 2,500,000.00 |
Income Before Taxes (EBT) | 13,500,000.00 |
Taxes (40%) | 5,400,000.00 |
Net Income | 8,100,000.00 |
Calculate the following (Show your Work):
a. Gross Profit Margin
b. Operating Profit Margin
c. Net Profit Margin
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