Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general and administrative expenses
Posted: Thu May 19, 2022 12:11 am
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?
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?