For year ended 31, Dec, 2022, Revenues are $ 8 m, gross profit is $ 4m, operating

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For year ended 31, Dec, 2022, Revenues are $ 8 m, gross profit is $ 4m, operating profit is $ 3m, and net income is $ 2m.

Calculate the operating profit margin.

Related Book For answer-question

Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Posted Date: Apr 29, 2024 03:48 AM

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For year ended 31, Dec, 2022, Revenues are $ 8 m, gross profit is $ 4m, operating

Question:

Expert Answer:

To calculate the operating profit margin you need to divide the operating profit by the rev... View the full answer

Financial Accounting an introduction to concepts, methods and uses

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