a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19...

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a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19...

a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19,986 ; and income tax expenses of $13,324.Compute the compan’s profit margin.

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Answer 1

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Solution: Income statement sales cost of goods sold Gross margin selling and administrative expense Taxable income Income tax

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a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19...

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a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19...

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a company reported sales of $152,100; cost of goods sold of $77,723; selling,general, and administrative expenses of $19...