The Poole Company reported the following income for Year 2: Sales. 39,000 Cost of goods sold. 9,800
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Question:
Sales. 39,000
Cost of goods sold. 9,800
Gross margin. 29,200
Selling and administrative
expenses. 11,800
Operating income. 17,400
Interest expense. 5,800
Income before taxes. 11,600
Income tax expense. 3,480
Net income. 8,120
What is the company's net margin?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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