A company has the following financial information for the year ending December 31, 2022: Total revenue: $600,000
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Question:
A company has the following financial information for the year ending December 31, 2022:
Total revenue: $600,000 Cost of goods sold: $350,000 Operating expenses: $120,000 Interest expense: $12,000 Depreciation expense: $18,000
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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