Lcal co has sales of 103103 million and cost of sales of , Ask an Expert

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Local Co. has sales of $ 10.3$10.3 million and cost of sales of $ 6.3$6.3 million. Its? selling, general and administrative expenses are $ 550 comma 000$550,000 and its research and development is $ 1.1$1.1 million. It has annual depreciation charges of $ 1.2$1.2 million and a tax rate of 35 %35%.

a. What is? Local's gross? margin?

b. What is? Local's operating? margin?

c. What is? Local's net profit? margin?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92259563

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