Mountain Express,a clothing boutique chain has an operating income of $240,000.The sales revenue of the company was calculated to be $960,000.
Required
Compute the operating profit margin.
A) 32%
B) 25%
C) 17%
D) 46%
E) 12%
Correct Answer:
Verified
Q41: The Sherry Point Light Foundation has budgeted
Q42: Enterprise resource planning (ERP)systems help managers budget
Q43: _ is a "what-if" technique that examines
Q44: The Bay Manufacturing Company expects to sell
Q45: What is the purpose of using financial
Q47: Sensitivity analysis is especially useful in incorporating
Q48: An equipment supply manager at a large
Q49: The managerial accountant at the Chesapeake Bay
Q50: What types of risk do managers identify
Q51: Prime Time Home Furniture,a warehouse store specializing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents