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? Answer to below QuestionA 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 help
- What is its profit margin? General accountingCan you explain the correct approach to solve this general accounting question?If a company has a profit margin of 10%, this means that:A) For every $1 of sales, the company earns $0.10 in profit.B) The company has $0.10 in expenses for every $1 of sales.C) The company’s revenue exceeds its expenses by 10%.D) The company’s assets exceed its liabilities by 10%.explain.
- I need help with this general accounting question using the proper accounting approach.What is its profit margin?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 $ ?