Solved

Given the Following Information Extracted from the Income Statement of Widget

Question 90

Multiple Choice

Given the following information extracted from the income statement of Widget Company ( Widget Company has no depreciation or amortization expenses) ,
Given the following information extracted from the income statement of Widget Company ( Widget Company has no depreciation or amortization expenses) , The gross profit margin and operating margin for Widget Company are closest to: A) GPM = 26.67%; OM = 17.78% B) GPM = 17.78%; OM = 26.67% C) GPM = 53.33%; OM = 14.44% D) GPM = 14.44%; OM = 53.33%
The gross profit margin and operating margin for Widget Company are closest to:


A) GPM = 26.67%; OM = 17.78%
B) GPM = 17.78%; OM = 26.67%
C) GPM = 53.33%; OM = 14.44%
D) GPM = 14.44%; OM = 53.33%

Correct Answer:

verifed

Verified

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

Related Questions

Q3: Which of the following is a productivity

Q7: When using a percent of sales method

Q20: What is the difference between a liquidity

Q37: Which of the following is TRUE?<br>A)Interest expenses

Q66: What is a pure financial ratio?<br>A)A financial

Q83: .Given the following information extracted from the

Q85: UUP Inc.is very conservatively managed and nothing

Q88: Charles invested $3 million in the bonds

Q91: The external financing requirements of a firm

Q92: In 2015,Voyage Company had earnings per share