Please refer to Table 5-2 for the following question. Table 5-2 Assets: Cash Accounts receivable Inventory Net

Please refer to Table 5-2 for the following question.

 

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Table 5-2 Assets: Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet Liabilities and owners' equity: Accounts payable Notes pavable Long-term debt Owners' Equity Total liabilities and owner's equity Emery Corporation $250,000 450,000 500,000 2,100,000 $3,300,000 $100,000 450,000 1,050,000 1,700,000 $3,300,000 Income Statement Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4,000,000) (2,900,000) (150,000) (380,000) $570,000 Based on the information in Table 5-2, the operating profit margin is. Instructions: Enter the answer rounded to three decimals. If your answer is 25.58% enter .256, NOT 25.6 % or 25.58 or 26. Table 5-2 Assets: Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet Liabilities and owners' equity: Accounts payable Notes pavable Long-term debt Owners' Equity Total liabilities and owner's equity Emery Corporation $250,000 450,000 500,000 2,100,000 $3,300,000 $100,000 450,000 1,050,000 1,700,000 $3,300,000 Income Statement Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4,000,000) (2,900,000) (150,000) (380,000) $570,000 Based on the information in Table 5-2, the operating profit margin is. Instructions: Enter the answer rounded to three decimals. If your answer is 25.58% enter .256, NOT 25.6 % or 25.58 or 26.

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Calculate the operating profit margin step by step 1 Calculate Operating Income Operating Incom... View the full answer