A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin?
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- A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin?A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin? Need helpNeed answer
- A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?A company's current year net income (after income tax) is 25% larger than that of the preceding year. Does this indicate improved operating performance? Why?