Following Is Financial Statement Information for Rogex Corporation: Net Sales

question 36

Multiple Choice

Following is financial statement information for Rogex Corporation: net sales = $2,768; cost of goods sold = $1,210; depreciation = $360; interest expense = $160; taxes = $312; addition to retained earnings = $508; and dividends paid = $218. What is the operating profit margin for Rogex?

• A)26.2%
• B)56.3%
• C)43.3%
• D)30.3%

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Definitions:

Emancipated Slavery

The act or process of freeing individuals from slavery, often through legal means such as the Emancipation Proclamation in the United States.

Northern State

A reference to one of the states in the northern part of the United States, often in the context of its opposition to slavery during the Civil War era.

Indentured Servants

Individuals who agreed to work for a specific number of years in exchange for passage to the New World and eventual freedom.

Gradual Emancipation

A legal process implemented in various jurisdictions to end slavery over time, often by stipulating that children born to enslaved mothers would be free after a certain age.