What is? local net profit? margin and gross? margin

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Reference no: EM131967720

Local Co. has sales of $10.5 million and cost of sales of $5.9 million. Its? selling, general and administrative expenses are $520,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.4 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?

Reference no: EM131967720

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