Aakash Tech Ltd. has projected revenues of $12 billion, a gross profit margin of 60%, and projected SG&A expenses of $3 billion. What is the company's operating (EBIT) margin?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Aakash Tech Ltd. has projected revenues of $12 billion, a gross profit margin of 60%, and projected SG&A expenses of $3 billion. What is the company's operating (EBIT) margin?

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