Compute for the pre-tax margin for awesome mfg corp

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Problem 1: Awesome Mfg. Corp. has the following information for year: Cash P15,750; Accounts Receivable P 12,000; Accumulated depreciation P425; Inventory P 3,000; Marketable Securities 5,600; Prepaid Insurance 1,200, Equipment 6,500, Machinery 12,000. Trade Payable 3,450; Taxes payable 2,180, loans payable P12,175, Capital Stock 25,000 and retained Earnings?. Sales P 76,120; Gross Margin 70%, Operating expense P15,865, interest expense is 3% of loans payable, income tax is 30%. Using the information of awesome mfg , compute for the Pre-tax Margin

Reference no: EM132773091

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