Local Co. has sales of 10.6 million and cost of sales of 5.6 million. It's...
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Local Co. has sales of 10.6 million and cost of sales of 5.6 million. It's selling, general and administrative expenses are 460,000 , and its research and development is 1.3 million. It has annual depreciation charges of 1.3 million and a tax rate of 35%.
a. What is Local's gross margin? Round to one decimal place
b. What is Local's operating margin? Round to one decimal place
c. What is Local's net profit margin? Round to two decimal places
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