The following table shows some selected financial information of TRC Company. According to the given information, which of the following shows the Operating Profit Margin correctly? Gross Sales 98,000 Sales returns and discounts 3,000 Total Assets 125,000 Shareholders' Equity 85,000 Current Assets 46,000 COGS 52,000 Operating Expenses 17,000 Select one: a. 0.27 b. 0.33 c. 0.29 d. 0.37
The following table shows some selected financial information of TRC Company. According to the given information, which of the following shows the Operating Profit Margin correctly? Gross Sales 98,000 Sales returns and discounts 3,000 Total Assets 125,000 Shareholders' Equity 85,000 Current Assets 46,000 COGS 52,000 Operating Expenses 17,000 Select one: a. 0.27 b. 0.33 c. 0.29 d. 0.37
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following table shows some selected financial information of TRC Company. According to the given information, which of the following shows the Operating Profit Margin correctly?
| Gross Sales | 98,000 |
| Sales returns and discounts | 3,000 |
| Total Assets | 125,000 |
| Shareholders' Equity | 85,000 |
| Current Assets | 46,000 |
| COGS | 52,000 |
| Operating Expenses | 17,000 |
Select one:
a. 0.27
b. 0.33
c. 0.29
d. 0.37
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