1- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the gross profit margin? State as a whole number 2- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the operating profit? State as a number.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
Question
1- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the gross
profit margin? State as a whole number
2- DUSKY has annual sales of $40 million with the following costs:
Cost of goods sold $12 million, Fixed costs $16 million, Depreciation
expense $300,000, Interest expense $200,000, tax rate 30%, dividend
payout rate 20%, 1 million shares of common stock. What is the
operating profit? State as a number.
Transcribed Image Text:1- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the gross profit margin? State as a whole number 2- DUSKY has annual sales of $40 million with the following costs: Cost of goods sold $12 million, Fixed costs $16 million, Depreciation expense $300,000, Interest expense $200,000, tax rate 30%, dividend payout rate 20%, 1 million shares of common stock. What is the operating profit? State as a number.
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