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Other Fields Homework Help Accounting Topic started by: ʎddɐɥ on Dec 13, 2016



Title: The following information is provided for Candy, Inc.:Income from operations$ 98,600Income ...
Post by: ʎddɐɥ on Dec 13, 2016
The following information is provided for Candy, Inc.:
   Income from operations   $ 98,600
   Income taxes   37,700
   Interest expense   2,000
   Net sales   1,264,000
   Stockholders' equity   242,500
   Total assets    456,000
What is the profit margin before income tax ratio?
A) 10.78%
B)   7.64%
C) 10.94%
D)   7.80%


Title: Re: The following information is provided for Candy, Inc.:Income from operations$ 98,600Income ...
Post by: mourningbird on Dec 15, 2016
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