Lurch fuel pumps inc had sales of 2500000 and cost of goods, Financial Management

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Lurch fuel pumps inc had sales of 2500000 and cost of goods

Lurch Fuel Pumps, Inc. had sales of $2,500,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,680,000. What was the firm’s operating profit?

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Financial Management: Lurch fuel pumps inc had sales of 2500000 and cost of goods

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Financial Management: Lurch fuel pumps inc had sales of 2500000 and cost of goods

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