Local Co has sales of $10.4 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $530,000 and its research and development is $1.3 million. It has ann 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. (Round to one decimal place.) b. What is Local's operating margin? Local's operating margin is % (Round to one decimal place.) c. What is Local's net profit margin? ocal's net profit margin is %. (Round to two decimal places) XT

Local Co has sales of $10.4 million and cost of sales of $6.2 million. Its selling, general and administrative expenses are $530,000 and its research and development is $1.3 million. It has ann 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. (Round to one decimal place.) b. What is Local's operating margin? Local's operating margin is % (Round to one decimal place.) c. What is Local's net profit margin? ocal's net profit margin is %. (Round to two decimal places) XT

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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Q30
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