A business has the following financial data for the year ending December 31, 2022: Total revenue: $800,000
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Question:
A business has the following financial data for the year ending December 31, 2022:
Total revenue: $800,000
Cost of goods sold: $450,000
Operating expenses: $140,000
Interest expense: $15,000
Depreciation expense: $22,000
Calculate:
- gross profit
- operating profit
- net profit
- gross profit margin
- operating profit margin
- net profit margin.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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