Question
Local Co. has sales of $10.2 million and cost of sales of $6.2 million. Its selling,...
Local Co. has sales of $10.2 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $460,000 and its research and development is $1.3 million. It has annual depreciation charges of $1.1 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? Round to one decimal for all answer.
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Local Co. has sales of $10.2 million and cost of sales of 5.6 million. Its selling,...
Local Co. has sales of $10.2 million and cost of sales of 5.6
million. Its selling, general and administrative expenses are
$490,000 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?
Local Co. has sales of $ 10.7 million and cost of sales of $ 6.2 million....
Local Co. has sales of $ 10.7 million and cost of sales of $ 6.2
million. Its selling, general and administrative expenses are $
530 comma 000 and its research and development is $ 1.4 million. It
has annual depreciation charges of $ 1.3 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?
Local Co. has sales of $ 10.7 million and cost of sales of $ 6.2 million....
Local Co. has sales of $ 10.7 million and cost of sales of $ 6.2
million. Its selling, general and administrative expenses are $
460 comma 000 and its research and development is $ 1.4 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?
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?
Local Co. has sales of $ 10.4 million and cost of sales of $ 5.6 million....
Local Co. has sales of $ 10.4 million and cost of sales of $ 5.6
million. Its selling, general and administrative expenses are $
470,000 and its research and development is $ 1.5 million. It has
annual depreciation charges of $ 1.3 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?
Local Co. has sales of $ 10.6$10.6 million and cost of sales of $ 5.6$5.6 million....
Local Co. has sales of
$ 10.6$10.6
million and cost of sales of
$ 5.6$5.6
million. Its selling, general and administrative expenses
are
$ 500 comma 000$500,000
and its research and development is
$ 1.5$1.5
million. It has annual depreciation charges of
$ 1.1$1.1
million and a tax rate of
35 %35%.
a. What is Local's gross margin?
b. What is Local's operating margin?
c. What is Local's net profit margin?
Local Co. has sales of $10.6 million and cost of sales of $5.6 million. Its selling,...
Local Co. has sales of $10.6 million and cost of sales of $5.6
million. Its selling, general and administrative expenses are
$530,000 and its research and development is $1.4 million. It has
annual depreciation charges of $1.2 million and a tax rate of
25%.
a. What is Local's gross margin?
b. What is Local's operating margin?
c. What is Local's net profit margin?
Local Co. has sales of $10.8 million and cost of sales of $6.5 million. Its selling,...
Local Co. has sales of $10.8 million and cost of sales of $6.5
million. Its selling, general and administrative expenses
are$540,000 and its research and development is $1.2 million. It
has annual depreciation charges of $1.4 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?
a. What is Local's gross margin?
Local's gross margin is __%.
(Round to one decimal place.)
b. What...
Local Co. has sales of $10.5 million and cost of sales of $6.4 million. Its selling,...
Local Co. has sales of $10.5 million and cost of sales of $6.4
million. Its selling, general and administrative expenses are
$500,000 and its research and development is $1.5 million. It has
annual depreciation charges of $1.2 million and a tax rate of
35%.
c. What is Local's net profit margin?
Local Co. has sales of 10.8 million and cost of sales of $5.6 million. Its selling,...
Local Co. has sales of 10.8 million and cost of sales of $5.6
million. Its selling, general and administrative expenses are
$500,000 and its research and development is $1.3 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?
d. If Local Co. had an increase in selling expenses of
$270,000, how would that affect each...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 5 minutes ago
asked 9 minutes ago
asked 46 minutes ago
asked 50 minutes ago
asked 54 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago