The following information was taken from Logsden Manufacturing s trial balances
The following information was taken from Logsden Manufacturing’s trial balances as of December 31, 2010, and December 31, 2011.
Required:
1. Calculate the gross profit margin and operating margin percentage for 2011.
2. Assuming that all of the operating expenses are fixed (or, won’t change as sales increase or decrease), what will be the operating margin percentage if sales increase by 25 percent?
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