Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses $200,000 current liabilities $120,000 Non-current liabilities $200,000 share capital $
X Co. has the following information:
Sale $ 1,200,000
Cost of sales $800,000
Operating expenses $200,000
current liabilities $120,000
Non-current liabilities $200,000
share capital $ 500,000
Retained earnings $ 300,000
the operating margin ratio is
a.
20%
b.
3 x
c.
17%
d.
34%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started