Local co has sales of 104 million and cost of sales of 64, Finance Basics

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Local co has sales of 104 million and cost of sales of 64

Local Co. has sales of $10.4 million and cost of sales of $6.4 million. Its selling, general and administrative expenses are $510,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.3 million and a tax rate of 35%.
a. What is Locals gross margin?
b. What is Locals operating margin?
c. What is Locals net profit margin?

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Finance Basics: Local co has sales of 104 million and cost of sales of 64

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Finance Basics: Local co has sales of 104 million and cost of sales of 64

Reference No:- TGS0607740

Have a Question? (oR Write a Review)

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Finance Basics: Local co has sales of 104 million and cost of sales of 64

Reference No:- TGS0607740

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