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

Q

C IL M 72 O 16 8 33 L 24 B The triangles are similar...

Geometry
Q

A standard view is that the permissibility of voluntary active euthanasia is grounded in two medical...

Psychology
Q

One of the major measures of the quality of service provided by any organization is the...

Basic Math
Q

Explain the role ethos, logos, & pathos play in persuasive speeches

General Management
Q

42 In a spring mass system the length of the spring is L a 4...

Physics
Q

Identify the following statement as an example of a descriptive statistic or as anexample of...

Basic Math
Q

College students were given three choices of pizza toppings and asked to choose one favorite...

Calculus
Q

The line plot below shows the number of pets owned by 25 people who were...

Algebra
Q

10 1 point To attract business the manager of a sports equipment store decreased the...

Algebra
Q

40. According to Hollis, resilience involves: A. Adaptation ...

Accounting
Q

Grandparents plan to open an account on their grandchild's birthday and contribute each month until...

Accounting
Q

You work for a pharmaceutical company that has developed a new drug. The patent on...

Finance