Question
Local Co. has sales of $10.1 million and cost of sales of $6.1 million. Its selling,...
Local Co. has sales of $10.1 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $510,000 and its research and development is $1.1 million. It has annual depreciation charges of $1.2 million and a tax rate of 35 %.
a. What is Local's gross margin?
b. What is Local's operating margin?
c. What is Local's net profit margin?
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