Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. local co. has sales of $10.8 million and cost of s

Local Co. has sales of $10.8 million and cost of sales of $6.1 million. Its...

80.2K

Verified Solution

Question

Finance

image

Local Co. has sales of $10.8 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $510,000 and its research and development is $1.3 million. It has annual depreciation charges of $1.4 million and a tax rate of 25% a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin

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