Problemsogdianus inc has sales of 657700 earnings before, Ask an Expert

Accounting

Problem:

Sogdianus, Inc. has sales of $657,700. Earnings before interest and taxes is equal to 19.6 percent of sales. For the period, the firm paid $11,500 in interest. The tax rate is 32 percent.

Required:

Question: What is the profit margin (in percents)?

Note: Explain in detail and show all computations in proper way.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167938

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