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Using the following items from Kripke Enterprises (KE) income statement for last quarter, calculate KE's operating profit margin. Sales = $3,000,000; Cost of Goods Sold
Using the following items from Kripke Enterprises (KE) income statement for last quarter, calculate KE's operating profit margin. Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000 8.8 points 31.67% 36.67% 26.67% 41.67%
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