1- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the gross profit margin? State as a whole number 2- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the operating profit? State as a number.
1- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the gross profit margin? State as a whole number 2- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the operating profit? State as a number.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
Question
![1- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the gross
profit margin? State as a whole number
2- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the
operating profit? State as a number.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F485c82d8-c5f6-4fc8-9179-79a78238566d%2F34111175-8afd-4427-b974-bea0756d5ef7%2F56seff9_processed.png&w=3840&q=75)
Transcribed Image Text:1- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the gross
profit margin? State as a whole number
2- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the
operating profit? State as a number.
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