Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a firm has net sales of $13,250,000, cost of goods

A firm has net sales of $13,250,000, Cost of Goods Sold $8,000,000, Depreciation Expense of...

50.1K

Verified Solution

Question

Finance

image
A firm has net sales of $13,250,000, Cost of Goods Sold $8,000,000, Depreciation Expense of $1,200,000, Selling and Administrative Expenses of $2,250,000, Interest Expense of $700,000, and an average tax rate of 20%. 24 The firm's Net Income is a.b.c.d725,000880,000972,3501,080,000 25 The firm's Operating Margin is a. 15.2% b. 27.9% c. 32.8% d 43.5% 26 The firm's Gross Profit Margin is a. 81.4% b. 40.7% c. 35.3% d 18.5%

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