## Question

###### Local Co. has sales of $10.9 million and cost of sales of $5.9 million. It's selling,...

Local Co. has sales of $10.9 million and cost of sales of $5.9 million. It's selling, general and administrative expenses are $510,000

and its research and development is $11million. It has annual depreciation charges of $1.3 million and a tax rate of 35%

a. What is Local's gross margin?

b. What is Local's operating margin?

c. What is Local's net profit margin?

## Answers

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