Question: Please answer both 10 & 11 Question 10 3 pts Reginald Industries reported the following items for the current year: Sales = $6,000,000; Cost of

 Please answer both 10 & 11 Question 10 3 pts Reginald

Please answer both 10 & 11

Question 10 3 pts Reginald Industries reported the following items for the current year: Sales = $6,000,000; Cost of Goods Sold = $3,000,000; Depreciation Expense = $340,000; Administrative Expenses = $300,000; Interest Expense = $60,000; Marketing Expenses = $160,000; and Taxes = $600,000; Reginald's operating profit margin is equal to C25.67% C 35.67% C 36.67% C 50.00% Question 11 3 pts Jones Sign Company has sales of $8,000,000; the firm's cost of goods sold is $5,000,000; and its total operating expenses are $1,200,000. The firm's interest expense is $500,000, and the corporate tax rate is 40%. What is Jones Sign Company's net income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!