Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has the following ratios: gross profit m

A company has the following ratios: gross profit margin 25%, operating expenses to sales 10%,...

60.1K

Verified Solution

Question

Accounting

A company has the following ratios:

gross profit margin 25%, operating expenses to sales 10%, interest cover 3 times, sales for the period is 20m. what is the profit before tax?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Type the answer in the box. If necessarry, use /for the fraction bar. Give your...

Chemistry
1.2K views

Chapter 3, problem 21. An electrochemical battery is used to provide 1 milliwatt (mW) of power...

Medical Sciences
1.2K views

what is the of the muscle spindle in controlling muscle contraction

Psychology
1.2K views

Compare the differences between qualitative and quantitative research methods with respect to design, and types of...

Basic Math
1.2K views

x bir sayma say s d r a x b 2 c 14 x oldu...

Basic Math
1.2K views

What do we mean by density What do we mean by concentration Describe common units...

Basic Math
1.2K views

(a) Simplify ss? and write your answer without using negative exponents.(b) Simplify ss-? and...

Statistics
1.2K views

13 Draw 2 cards from a standard 52 card deck with replacement Find the probability...

Algebra
1.2K views

Match each equation in Column I with a description of its relates to the graph...

Accounting
1.2K views

Arnez Company's annual accounting period ends on December 31 . The following information concerns the...

Accounting
1.2K views

A financial statement auditor believes that the client has adequately disclosed a matter in its...

Accounting
1.2K views

Chapter 07 Homework i Saved The following information is from the annual financial statements of...