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A company projects revenues of $8 billion, has a gross profit margin of 70%, and estimated SG&A expenses of $2.4 billion. Calculate the company's operating (EBIT) margin. A. 40% B. 30% C. 50% D. 60%

A company projects revenues of $8 billion, has a gross profit margin of 70%, and estimated SG&A expenses of $2.4 billion. Calculate the company's operating (EBIT) margin. A. 40% B. 30% C. 50% D. 60%

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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A company projects revenues of $8 billion, has a gross profit margin of 70%, and estimated SG&A expenses of $2.4 billion. Calculate the company's operating (EBIT) margin. A. 40% B. 30% C. 50% D. 60%
Transcribed Image Text:A company projects revenues of $8 billion, has a gross profit margin of 70%, and estimated SG&A expenses of $2.4 billion. Calculate the company's operating (EBIT) margin. A. 40% B. 30% C. 50% D. 60%
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