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Roxy Corp Has an Operating Profit of $15,000 Produced from $12,000

question 76

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Roxy Corp has an operating profit of $15,000 produced from $12,000 in sales.If Roxy has no interest expense and currently pays 35% of its operating profits in taxes,what is Roxy's net profit margin?


Definitions:

Concrete

Pertaining to or characterized by material objects, not abstract; tangible, real, or specific.

Bookkeeping

The systematic recording, organizing, and maintaining of financial transactions for an individual or an organization.

Schema Change

The modification or updating of cognitive frameworks or mental structures that are used to organize information, usually in response to new information or experiences.

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