ABC Tools has annual sales of $50 million, annual materials cost of $28 million and net income
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ABC Tools has annual sales of $50 million, annual materials cost of $28 million and net income of $5 million.
What is the new profit margin with a 10% reduction in the cost of materials, assuming sales remain the same?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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