Solved

A Firm Has Net Sales of $65,000,operating Expenses of $21,300,depreciation

Question 39

Multiple Choice

A firm has net sales of $65,000,operating expenses of $21,300,depreciation of $5,000,cost of goods sold of $36,500,and interest expense of $4,500.What is the operating margin?


A) -2.8 percent
B) 2.6 percent
C) 3.4 percent
D) 9.2 percent
E) 10.3 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: Which one of the following provides information

Q34: AccentJewelry,Inc.has annual sales of $4.8 million and

Q35: The Cruise Ship Co.has taxable income of

Q36: A firm has net sales of $35,000,operating

Q37: Which one of the following is income

Q39: A firm has net income of $22,500

Q40: A firm has total equity of $61,600

Q47: Which of the following are classified as

Q64: Return on equity is equal to which

Q110: Which one of the following is a