A company has the following transactions for the year:Sales revenue: $1,500,000Cost of goods sold: $900,000Administrative...
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Accounting
A company has the following transactions for the year:
- Sales revenue: $1,500,000
- Cost of goods sold: $900,000
- Administrative expenses: $120,000
- Selling expenses: $180,000
- Interest expense: $45,000
- Tax rate: 30%
(a) Prepare the income statement. (b) Calculate the gross profit margin. (c) Determine the operating profit margin. (d) Compute the net profit margin.
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