Local co has sales of 104 million and cost of sales of 63, Finance Basics

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Local co has sales of 104 million and cost of sales of 63

Question: Local Co. has sales of $10.4 million and cost of sales of $6.3 million. Its selling, general and administrative expenses are $450, 000 and its research and development is $1.4 million. It has annual depreciation charges of $1.5 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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Finance Basics: Local co has sales of 104 million and cost of sales of 63

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Finance Basics: Local co has sales of 104 million and cost of sales of 63

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