Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?
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- Local Co. has sales of $10.3 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $460000 and its research and development is $1.1 million. It has annual depreciation charges of $1.1 million and a tax rate of 25% . a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $270000, how would that affect each of its margins?Griffin's Goat Farm, Incorporated, has sales of $724,000, costs of $215,000, depreciation expense of $40,000, interest expense of $32,000, and a tax rate of 24 percent. What is the net income for this firm?Blaser Corporation had $1,098,000 in invested assets, sales of $1,243,000, operating income amounting to $237,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is
- Local Co. has sales of $10.4 million and cost of sales of $6.3 million. Its selling, general and administrative expenses are $490,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.2 million and a tax rate of 28%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is%. (Round to two decimal places.)Local Co. has sales of $10.7 million and cost of sales of $6.4 million. Its selling, general and administrative expenses are $450,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.2 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $330,000, how would that affect each of its margins? e. If Local Co.had interest expense of $770,000, how would that affect each of its margins? a. What is Local's gross margin? Local's gross margin is enter your response here %. (Round to one decimal place.) Part 3 b. What is Local's operating margin? Local's operating margin is enter your response here %. (Round to one decimal place.) Part 5 c. What is Local's net profit margin? Part 6 Local's net profit margin is enter your response here %. (Round to two decimal places.) d. If Local Co. had an increase in…Local Co. has sales of $10.9 million and cost of sales of $5.9 million. Its selling, general and administrative expenses are $500,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.4 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is _____%.
- Local Co. has sales of $10.5 million and cost of sales of $5.5 million. Its selling, general and administrative expenses are $480,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.2 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is 47.62 %. (Round to two decimal places.) b. What is Local's operating margin? Local's operating margin is 27.71%. (Round to two decimal places.)Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general andadministrative expenses are $550,000 and its research and development is $1.1 million. It has annualdepreciation charges of $1.5 million and a tax rate of 25%. What is Local's net profit margin?Lifeline, Inc., has sales of $830,362, costs of $376,820, depreciation expense of $39,240, interest expense of $35,120, and a tax rate of 30 percent. What is the net income for this firm? (Hint: Build the Income Statement)