Calculate lexis operating margin

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Problem

Consider the following financial data for Lexi's Home Accessories: Statement of Financial Position as of December 31, 2025 Cash & equivalents $ 75,500 Accounts payable $ 79,500 Receivables 235,000 Notes payable 88,500 Inventories 359,000 Accrued wages and taxes 65,500 Total current assets $ 669,500 Total current liabilities $ 233,500 Long-term debt 311,500 Net fixed assets 442,500 Common equity 567,000 Total assets $ 1,112,000 Total liabilities & equity $ 1,112,000 Income Statement for the Year Ended December 31, 2025 Sales $ 451,500 Cost of goods sold 292,500 Gross profit $ 159,000 Operating expenses 82,500 Earnings before interest and taxes (EBIT) $ 76,500 Interest expense 36,000 Earnings before taxes (EBT) $ 40,500 Federal and state income taxes (20 percent) 8,100 Net earnings $ 32,400. Calculate Lexi's operating margin. Get the instant assignment help.

Reference no: EM133973100

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