What was clantons gross profit margin

Assignment Help Financial Management

Reference no: EM13808088

In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110,000. Clanton's operating expenses for 2002 were $13,000, and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 2002?

a. 0.127 b. 0.325 c. 0.245 d. 0.364

Reference no: EM13808088

Questions Cloud

Prepare a list of human element characteristics : Prepare a list of human element characteristics and success factors for the IT organization and its projects. The list should be comprised of characteristics that are common to successful IT organizations and the surrounding factors that help contrib..

Improving organizational performance : Improving Organizational Performance

A mortgage bond is secured by a lien on real property : The formula for calculating the present value (PV) of a perpetuity is PV = PP/(1 + i), where PP is the perpetuity payment and i is the discount rate. Common stock represents ownership of the firm. A mortgage bond is secured by a lien on real property..

Write a succinct easy to read summary report on equal pay : Write a succinct easy-to-read summary report on Equal Pay.

What was clantons gross profit margin : In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110,000. Clanton's operating expenses for 2002 were $13,000, and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 200..

If an investor is said to be risk averse then that investor : If an investor is said to be 'risk averse' then that investor:

Why was the reach project created : Why was the REACH project created

Introduction to operations management : In its 30 years of existence, Hard Rock has grown from a modest London pub to a global power managing 110 cafes, three hotels, casinos, live music venues, a rock museum, and a huge annual Rockfest concert.

What is the value of a bond : What is the value of a bond that has a par value of $1,000, a coupon of $80 (annually), and matures in 11 years? Assume a required rate of return of 11%, and round your answer to the nearest $10.

User Account

All Pages