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($ illions) Revenues $ 100 Cost of Goods Sold 60 Gross Profit 40 Operating Expense 20 Earnings Before Interest & Taxes Interest Expense 20 Earnings Before Taxes 15 Income Tax Expense 10 Net Income $4 5

($ illions) Revenues $ 100 Cost of Goods Sold 60 Gross Profit 40 Operating Expense 20 Earnings Before Interest & Taxes Interest Expense 20 Earnings Before Taxes 15 Income Tax Expense 10 Net Income $4 5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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what is the profit margin ratio

($ millions) Revenues $ 100 Cost of Goods Sold 60 Gross Profit 40 Operating Expense 20 Earnings Before Interest & Taxes 20 Interest Expense 5 Earnings Before Taxes 15 Income Tax Expense 10 Net Income 5 %24
Transcribed Image Text:($ millions) Revenues $ 100 Cost of Goods Sold 60 Gross Profit 40 Operating Expense 20 Earnings Before Interest & Taxes 20 Interest Expense 5 Earnings Before Taxes 15 Income Tax Expense 10 Net Income 5 %24
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