Calculate the firm's Gross Profit Margin. TellmeTech Income Statement Net Sales $255,850 Cost of Goods Sold $125,600

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Calculate the firm's Gross Profit Margin.

TellmeTech Income Statement

Net Sales $255,850

Cost of Goods Sold $125,600

Gross Profit $130,250

Selling and Admin. Expenses $43,500

Depreciation Expense $ 21,300

Operating Income (EBIT) $ 65,450

Interest Expense $18,350

Income Before Taxes (EBT) $ 47,100

Taxes (21%) $9,891

Net Income $37,209

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Posted Date: Dec 29, 2023 01:12 AM

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Calculate the firm's Gross Profit Margin. TellmeTech Income Statement Net Sales $255,850 Cost of Goods Sold $125,600

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The Gross Profit Margin is calculated using the formula Gross Profit X 100 Net Sales Gr... View the full answer

Fundamentals of Corporate Finance

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