Find what the firm net income is

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A firm has net sales of $15,000,000, Cost of Goods Sold $3,000,000, Depreciation Expense of $500,000, Selling and Administrative Expenses of $1,000,000, Interest Expense of $1,000,000, and an average tax rate of 25%.

Problem 1: The firm's Net Income is

a. 5,476,325
b. 5,625,325
c. 6,435,205
d 7,125,000

Problem 2: The firm's Operating Margin is

a. 70.0%
b. 66.0%
c. 62.5%
d 58.1%

Reference no: EM132929481

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