Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expenses of 84.000, interest expense of 6.000, and a tax rate of 20% (assume no tax adjustments) what is the ratio of Result to Sales ? a. 8% b. 10% C. 16% d. 24%

Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expenses of 84.000, interest expense of 6.000, and a tax rate of 20% (assume no tax adjustments) what is the ratio of Result to Sales ? a. 8% b. 10% C. 16% d. 24%

Name: Given total Sales of 300.000, gross margin equal to 40% of Sales, tot
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Description: Given total Sales of 300.000, gross margin equal to 40% of Sales, total Expensesof 84.000, interest expense of 6.000, and a tax rate of 20% (assume no tax adjustments)what is the ratio of Result to Sales ?a. 8%b. 10%C. 16%d. 24%

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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