What is locals gross margin

Reference no: EM13661655

Local Co. has sales of $10 million and cost of sales of $6 million. Its selling, general, and administrative expenses are $500,000 and its research and development is $1 million. It has an annual depreciation of $1 million and a tax rate of 35%.
a) What is locals gross margin?
b) what is locals operating margin?
c) what is locals net profit margin?

Reference no: EM13661655

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