If the firm made total sales of $968 million (mn) in 2020, spent $121 mn on inputs and $52 mn on operating activities, and paid 29 % of income taxes, what is its gross profit margin? (your answer must be rounded off to the nearest %, i.e., no decimal places)
If the firm made total sales of $968 million (mn) in 2020, spent $121 mn on inputs and $52 mn on operating activities, and paid 29 % of income taxes, what is its gross profit margin? (your answer must be rounded off to the nearest %, i.e., no decimal places)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 9E
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