Question: Dr . Gupta Diagnostics' income statement for 2 0 1 5 is as follows: a . Compute the profit margin in 2 0 1 5

Dr. Gupta Diagnostics' income statement for 2015 is as follows:
a. Compute the profit margin in 2015.
b. Assume in 2016 sales increase by 10 percent and cost of goods sold increases by 20 percent. The firm is able to keep all other expenses the same. Once again,
assume a tax rate of 30 percent. What are the income after taxes and profit margin in 2016?
 Dr. Gupta Diagnostics' income statement for 2015 is as follows: a.

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