Centennial Chemical Corp. has a gross profit margin of 31.4 percent on revenues of $13,144,680 and EBIT
Question:
Centennial Chemical Corp. has a gross profit margin of 31.4 percent on revenues of $13,144,680 and EBIT of $2,586,150. What are the company’s cost of goods sold and operating profit margin?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Revenues 13144680 EBIT 2586150 Gross profit margin 3...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Students also viewed these Corporate Finance questions
-
Bummel and Strand Corp. has a gross profit margin of 33.7 percent, sales of $47,112,365, and inventory of $14,595,435. What is its inventory turnover ratio ?
-
The Brenmar Sales Company had a gross profit margin (gross profits 4 sales) of 30 percent and sales of $9 million last year. Seventy-five percent of the firms sales are on credit, and the remainder...
-
The Tabor Sales Company had a gross profit margin (gross profits sales) of 30 percent and sales of $9 million last year. Seventy-five percent of the firm's sales are on credit, and the remainder are...
-
Compare to traditional organizational development approaches. To get back on track and find a way to function more smoothly, should this taskforce use an Appreciative Inquiry approach or a more...
-
What privacy concerns of consumers should also be concerns of businesses pursuing an online capability?
-
In free space, E s = [E o a x + a y + (3 + j4)a z ]e j(3.4x 4.2y) V/m Determine E o , H s, and frequency.
-
The arrangement of cranks in a six-cylinder in-line engine is shown in Fig. 9.48. The cylinders are separated by a distance \(a\) in the axial direction, and the angular positions of the cranks are...
-
Social Circle Publications Inc. is considering two new magazine products. The estimated net cash flows from each product are as follows: Each product requires an investment of $ 125,000. A rate of...
-
Haulage Co Pte Ltd ('Haulco') conducts a transportation business carrying goods and containers. Year One In February (February 1 to be specific) Haulco purchases a large truck (known in the trade as...
-
In receiving terminals of petrochemical plants, some of the liquid natural gas (LNG) storage Tanks are designed to be in ground, to avoid receiving radiation from the sun and also being protected...
-
Haugen Enterprises has an equity multiplier of 2.5. What is the firms debt ratio?
-
National City Bank has 646,749,650 shares of common stock outstanding that are currently priced at $37.55 per share. If its net income is $2,780,955,000, what are its earnings per share and price...
-
Solve each equation. ale 3 X || 614 9
-
Explain the various types of molding sands and their uses.
-
Assuming 10 seconds is enough time for all of the tasks to finish, what statements about the following program are correct? (Choose two.) A. The code does not compile. B. The incrementBy10() method...
-
Am I aware of the basic framework of a strategic communication plan?
-
A sorority has 35 members, 25 of whom are full members and 10 of whom are pledges. Two persons are selected at random from the membership list of the sorority. Find the requested probabilities. a....
-
What are the required properties of molding sands? Classify the molding sand.
-
Why do business transactions need to be documented?
-
d. The characteristic equation of a control system is given by s+2s+8s+12s+20s+16+16=0. Determine the number of the roots of the equation which lie on the imaginary axis of s-plane
-
Each activity in a project can be performed by two different resource combinations (Table 4). Assume that the usage rate of each resource is constant throughout the duration of each activity. Now...
-
Tass Co., Ltd, a Japanese electrical parts producer, is considering building a plant in the U.S. The cost of this plant will be $20 million and the current spot exchange rate between the yen and the...
-
Cross-Rates and Arbitrage suppose the Japanese you exchange rate is 118 = $1, and the British pound exchange rate is 1 = $1.81. a. What is the cross-rate in terms of yen per pound? b. Suppose the...
-
What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant.
-
In January 2023, Marty's Fine Pens, a business carried on as a sole proprietorship, sells a limited-edition fountain pen for $125,000. The cost of the pen is $63,000. There is a down payment of...
-
An 90000 loan is amortized by payments of $1850 at the end of every 6 months at a rate of 2% compounded monthly 1. Construct a partial amortization schedule showing the last 2 payments 2. determine...
-
Kelso's has a return on equity of 15.2 percent, a debt-equity ratio of 44 percent, a capital intensity ratio of 1.08, a current ratio of 1.25, and current assets of $138,000. What is the profit...
Study smarter with the SolutionInn App