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What is the operating profit margin based on the income sheet? Using the information in the Income Statement below, Donaldson's operating profit margin is Donaldson,
What is the operating profit margin based on the income sheet?
Using the information in the Income Statement below, Donaldson's operating profit margin is Donaldson, Inc. Income Statement For the year ended December 31, 2019 Sales $100,000 Cost of goods sold (70,000) Gross profit 30,000 Operating expenses (16,000) Depreciation (1,000) EBIT 13,000 Interest expense (500) EBT 12,500 Taxes (1,900) Net Income $10,600Step by Step Solution
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