What was the firm operating profit

Assignment Help Finance Basics
Reference no: EM132395508

A-Rod Fishing Supplies had sales of $2,690,000 and cost of goods sold of $1,500,000. Selling and administrative expenses represented 17 percent of sales. Depreciation was 7 percent of the total assets of $4,630,000.

What was the firm's operating profit?

Reference no: EM132395508

Questions Cloud

Holding period return of this bond for the year : If the yield to maturity in 1 year is 9%, what is the price of the bond immediately after the first coupon?
What specific modifications or adjustments would you make : Assuming you would conduct another cycle of this study, what specific modifications or adjustments would you make, and why? (three to four sentences)
Compute the firm price earnings ratio : The company's share price is $13.94, and the company has 308,840 shares outstanding. Compute the firm's price earnings ratio.
Easy on ISO Database Security Framework : Easy on "ISO Database Security Framework " and need at least 10slides of power point presentation with 5 source annotated bibliography.
What was the firm operating profit : Selling and administrative expenses represented 17 percent of sales. Depreciation was 7 percent of the total assets of $4,630,000.
What should we pay for one share of alpha stock today : The required return is 12% on the company's stock. What should we pay for one share of Alpha's stock today?
Describe the procedure used in the study to collect data : One aspect of professional development that educators can participate in is that of educational conferences. While you may at some point have participated.
How many shares of stock must plasti-tech sell : The underwriters' spread is 6.5 percent. How many shares of stock must Plasti-tech sell to meet its financing need?
Total amount of dividends paid out : If dividend growth is higher for the total amount of dividends paid out than the payout per share, what is this a sign of? What are your conclusions?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd