Calculate gross margin percent

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Reference no: EM132973049

Problem 1: Calculate Gross Margin Percent (Service Company)

Revenues $39,090

Operating expensesLine costs $15,462

Selling, general, and administrative $10,597

Depreciation and amortization $4,878

Total $30,937

Operating income $8,153

Other income (expense):Interest expense $(970)

Miscellaneous $ 385

Income before income taxes $ 7,568

Provision for income taxes $ 3,025

Income before minority interests $ 4,543

Minority interests $ (305)

Income before cumulative effect $ 4,238

Cumulative effect of accounting change $ (85)

Net income $ 4,153

Distributions $(65)

Net income applicable to common shareholders $ 4,088

Reference no: EM132973049

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