JUmoFzSg/form Response?pli=1Income Statement: The income statement of Fairoz store Inc. is given for theyears 2020 & 2019.20202019General and administrative expenses21,6001,50024,0001,500Interest expenseNet sales$136.400$138,000Selling Expense11.66012,720Income taxes$1.023.05,230COGS99.00095,000Gain on Sale of land7704501. What is the operating profit margin for the company over the years 2020 and2019 respectively?" 99,00095,000Gain on Sale of land7704501. What is the operating profit margin for the company over the years 2020 and2019 respectively? *まA) 27.4%, 31. 1%O B) 3%, 4. 5%O C) 1.7%, 2.6%D) 1.9%, 3 4%E) None of the above

Operating profit margin:- It is the ratio of Operating income divided by Net Sales. Formula: OPM%…

2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 Selling Expense 11.660 $1.023.0 12,720 Income taxes 5.230 95.000 99.000 770 COGS Gain on Sale of land 450 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?"

2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 Selling Expense 11.660 $1.023.0 12,720 Income taxes 5.230 95.000 99.000 770 COGS Gain on Sale of land 450 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?"

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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