If net income was $12,000, interest expense was $6,000, and taxes were $2,000, what is the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
If net income was $12,000, interest expense was $6,000, and taxes were $2,000, what is the operating profit margin if sales were $60,000? (Express your answer to one decimal place.) % If net income was $12,000, interest expense was $6,000, and taxes were $2,000, what is the operating profit margin if sales were $60,000? (Express your answer to one decimal place.) %
Expert Answer:
Answer rating: 100% (QA)
To calculate the operating profit margin we need to subt... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The annual sales for Salco Inc. were $ 4.5 million last year. All sales are on credit. The firms end- of- year balance sheet was as follows: The firms income statement for the year was as follows:...
-
Annapolis Company purchased a $2,000, 7%, 9-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received...
-
The IASB's main objective is to develop a set of high-quality standards for financial reporting by companies at the international level. Required: Critically examine the possibility of achieving this...
-
Construct the state diagram for the encoder of figure. Starting with the all-zero state, trace the path that corresponds to the message sequence 10111.. . , and compare the resulting code sequence...
-
Eighteen years ago, Mr. Harv DeHaan, a U.S. citizen, moved to Vancouver with his parents. He went to high school in Vancouver and upon completion of his program he was employed in construction work...
-
Derive the frequency equation for the transverse vibration of a uniform beam resting on springs at both ends, as shown in Fig. 8.33. The springs can deflect vertically only, and the beam is...
-
Burger City is a large chain of fast-food restaurants specializing in gourmet hamburgers. A mathematical model is now used to predict the success of new restaurants based on location and demographic...
-
Critical review of key concepts in the course's last section and should focus on them - Roger Merino: Reimagining the Nation-State: Indigenous Peoples and the Making of Plurinationalism in Latin...
-
In this lab we will be investigating the relationship between the height of a roller coaster and its speed. Suppose we are interested in the question; Does the height of the roller coaster relate to...
-
Imagine you run a community bike organization whose mission is to promote bicycling as a form of exercise. You receive funding from government sources who have a mandate to prevent crime. By...
-
IN ACFR, if the legal debt margin is steady increase in last ten fiscal years what it means
-
Calculate the following based on: Arithmetic Mean Company stock 13.21% return Inflation 4.55% Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal...
-
Sarif is interested in an alternative investment strategy fund with an investment mandate focused on anticipating movements in the market prices of commodities. What type of strategy would this type...
-
Estimate the 5 - day 9 9 % VaR for the portfolio assuming that its annual volatility calculated on the basis of weekly returns from the most recent 1 - year time window is 3 1 . 7 5 % .
-
A company has 5 3 6 4 2 3 8 shares outstanding and the stock sells at $ 8 4 . 6 4 per share. What is the market value of equity?
-
Graph (b) U(t)-2 (e) 4U(31-1)-2 (a) U(t-1) (d) 4U(t) where U(t) denotes a unit step function. (c) U(3t)
-
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
-
During 2012, Palo Fiero purchases the following property for use in his manufacturing business: Palo uses the accelerated depreciation method under MACRS, if available, and does not make the election...
-
Calculate the amount of the child and dependent care credit allowed for 2012 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla...
-
Bev and Ken Hair have been married for 3 years. They live at 3567 River Street, Springfield, MO 63126. Ken is a full-time student at Southwest Missouri State University (SMSU) and Bev works as an...
-
If the internal energy of a substance is considered to be a function of temperature and volume, then show that \[ d U=C_{V} d T+\left(\frac{T \beta}{\alpha}-P ight) d V \]
-
For an isothermal reversible change of the system \[ -\Delta A_{T}=W_{\max } \] explain the significance of the preceding equation in the light of Helmholtz free energy.
-
What are free energy functions? Classify them. Mention the importance of free energy functions in the analysis of thermodynamic processes.
Study smarter with the SolutionInn App