Question
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?
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