Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Michael Parkin

6th Edition

0321112075, 9780321112071

More Books

Students also viewed these Accounting questions