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borteleto borteleto
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5 years ago
The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore,
A) the corporation's gross profit margin is less than 20%.
B) the corporation's net profit margin is greater than 20%.
C) the corporation's gross profit margin is greater than 20%.
D) the corporation's gross profit margin is equal to 20% because gross profit is not affected by operating expenses or financing costs.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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borteleto Author
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5 years ago
My teacher is very rude and likes to speed his way through a lesson without letting the class ask questions. Thank you for helping me. You're a life saver Slight Smile
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