A firm has net sales of $14,500,000, Cost of Goods Sold $8,000,000, Depreciation Expense of $1,000,000, Selling
Fantastic news! We've Found the answer you've been seeking!
Question:
A firm has net sales of $14,500,000, Cost of Goods Sold $8,000,000, Depreciation Expense of $1,000,000, Selling and Administrative Expenses of $2,350,000, Interest Expense of $500,000, and an average tax rate of 25%.
Calculate the firm's Operating Margin is:
a) 11.1%
b) 15%
c) 21.7%
d) 44.8%
Expert Answer:
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
