Your firm has the following income statement items: sales of $52,000,000; income tax of $1,880,000; operating expenses of $9,000,000; cost of goods sold of $36,000,000; and interest expense of $800,000. Compute the firm's gross profit margin
A) 13.5%
B) 8.3%
C) 30.8%
D) 69.2%
Answer: C
Business
You might also like to view...
With respect to retailing, assortment is often referred to as the
A. irregulars. B. closeouts. C. power perimeter. D. variety of merchandise. E. depth of merchandise.
Business
Net price is the standard price charged to customers.
Answer the following statement true (T) or false (F)
Business
When a report deck is long, what design element can be incorporated to help the reader?
A) Slide numbers B) Bullets C) Color D) Larger font E) Bold
Business
Minimizing period by period increases in unit variable costs and total fixed costs defines effort of cost
a. control. b. containment. c. avoidance. d. reduction.
Business