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What is local operating margin

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Question - Local Co. has sales of $10.9 million and cost of sales of $5.6 million. Its selling, general and administrative expenses are $500,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.4 million and a tax rate of 35%.

a. What is Local's gross margin?

b. What is Local's operating margin?

c. What is Local's net profit margin?

Reference no: EM132629415

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