A small business has the following information for the month of January Total revenue $30,000 Total cost of goods sold (COGS) $15,000 Total operating expenses $8,000 Interest expense $1,000 Depreciation expense $2,000 Calculate the following Gross profit Operating profit Net profit Gross profit mar...

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A small business has the following information for the month of January: Total revenue: $30,000 Total cost

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A small business has the following information for the month of January:

Total revenue: $30,000
Total cost of goods sold (COGS): $15,000
Total operating expenses: $8,000
Interest expense: $1,000
Depreciation expense: $2,000

Calculate the following:

Gross profit
Operating profit
Net profit
Gross profit margin
Operating profit margin
Net profit margin

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Posted Date: Feb 10, 2023 05:08 AM

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A small business has the following information for the month of January: Total revenue: $30,000 Total cost

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Intermediate Accounting

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