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solina solina
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7 years ago
Your firm has the following income statement items: sales of $52,000,000; income tax of $1,880,000; operating expenses of $9,000,000; cost of goods sold of $36,000,000; and interest expense of $800,000.  Compute the firm's gross profit margin.
A) 13.5%
B) 8.3%
C) 30.8%
D) 69.2%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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7 years ago
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solina Author
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7 years ago
You make an excellent tutor!
bahajo
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Yesterday
Smart ... Thanks!
Jadakiss
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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