Larryrsquos window company had sales of 1500000 and cost of, Ask an Expert

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Larry’s Window Company had sales of $1,500,000 and cost of goods sold of $1,200,000. Selling and administrative expenses represented 5 percent of sales. Depreciation was 5 percent of the total assets of $1,000,000. What was the firm’s operating profit?

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Financial Management, Finance

Category:- Financial Management
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