Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general and administrative expenses

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general and administrative expenses

Post by answerhappygod »

Local Co. has sales of $10.9 million and cost of sales of $6.1
million. Its selling, general and administrative expenses are
$550,000 and its research and development is $1.1 million. It has
annual depreciation charges of $1.5 million and a tax rate of 25%.
What is Local's net profit margin?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”