Your firm has total sales of $10,508. Costs are $6,062, depreciation expense is $1,188, and theinterest expense is $650. The tax rate is 30 percent. Compute the firm's net profit margin. Assumethere are no other expenses. Round your answer to FOUR decimal places. For example, if youranswer is .2525 or 25.25%, your answer should be 0.2525.

Net profit margin = Net profit / Sales where, Net profit = Total sales - costs - depreciation…

Answered: Your firm has total sales of $10,508.…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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