Business, 07.03.2020 00:43 nwatase

Local Co. has sales of $ 10.7 million and cost of sales of $ 5.9 million. Its selling, general and administrative expenses are $ 550 comma 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?

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Local Co. has sales of $ 10.7 million and cost of sales of $ 5.9 million. Its selling, general and a...

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