Homework answers / question archive / 1)If sales totaled $47,000, net income was $10,300, interest expense was $4,300, and taxes were $1,100, what is the operating profit margin? There are no other expenses

1)If sales totaled $47,000, net income was $10,300, interest expense was $4,300, and taxes were $1,100, what is the operating profit margin? There are no other expenses

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1)If sales totaled $47,000, net income was $10,300, interest expense was $4,300, and taxes were $1,100, what is the operating profit margin? There are no other expenses. 0 33.1%

0 36.7%

O 30.1%

33.4%

32.7%

2)The plant should be classified in the balance sheet as ---------

Select one:

a. Intangible asset

b. Current asset

c. Property, plan and equipment

d. Current debts

X Company had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $2,940,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be -----------.

Select one:

a. $2.32.

b. $3.28.

c. $4.90.

d. $2.80

3)Firm A has a Return on Equity (ROE) equal to 15%, while firm B has an ROE of 24% during the same year. Both firms have an Equity Multiplier equal to 1.8. Firm A has an asset turnover ratio of 0.9, while firm B has an asset turnover ratio equal to 0.4. From this we know that: Firm B has a higher profit margin than firm A Firm A and B have the same profit margin Firm A has a higher profit margin than firm B You need more information to say anything about the firm's profit margin Question 12 1 pts What best explains the jump in net profit margin? An increase in SG&A (selling, general, and administrative) expense. An increase in the gross margin. O A decrease in inventory turnover. O A decrease in accounts receivable turnover.