Given the following information, calculation the missing values. Sales $ 125,000 Cost of Goods Sold Gross Margin Selling, General, Admin Expenses Depreciation expense $12,500 Operating income (EBIT) Interest expense $ 4,500 Earnings before taxes (EBT) Taxes (30%) Net Income Gross margin %: 46.5% Net profit margin: $8.5% Calculate the following $ values: Gross margin SGA expense EBIT EBT (2 pts) Net Income. Show all calculations. 

Answer rating: 100% (QA)

Calculating Missing Values 1 Gross Margin We know the Gross Margin Percentage is 465 and Sales are 1... View the full answer