Given the following information extracted from the income statement of Widget Company (Widget Company has no depreciation expense or opening or closing inventory) ,
The gross profit margin (GPM) and operating margin (OM) for Widget Company are:
Definitions:
Fixed Assets
Long-term tangible assets used in the operations of a business, not expected to be converted into cash within a year.
Acquisition
The process of acquiring control of another company by purchasing its shares or assets.
Financing Activities
Transactions and events that affect the long-term liabilities and equity of a firm, as reported in the cash flow statement.
Cash Dividends
Profits distributed to shareholders of a company in the form of cash payouts.
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