Cost of goods sold and operating profit margin
Centennial Chemical Corp. has a gross profit margin of 31.4 percent on revenues of $13,144,680 and EBIT of $2,586,150. What are the company's cost of goods sold and operating profit margin?
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Division A of smith company has the capacity for making 3,000 motors per month and regularly sells 1,950 motors each month to outside customers at a contribution margin of $62 per motor.
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Days' Sales in Receivables a company has net income of $195,000, a profit margin of 9.40 percent, and an accounts receivable balance of $106,851. Assuming 75 percent of sales are on credit, what are the company's days' sales in receivables?
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