9- QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 dollars for the year 2019. COGS...


9- QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales<br>equals to 32000 for the year 2020 and 28000 dollars for the year 2019. COGS equals to 24000 and 21000 respectively<br>for the year 2020 and 2019. Operating income equals to 4300 and 3800 respectively for the year 2020 and 2019.<br>Interest expense equals to 2000 and 1800 respectively for the year 2020 and 2019. Interest income equals to 500 and<br>400 respectively for the year 2020 and 2019. Tax expense equals to 1000 and 800 respectively for the year 2020 and<br>2019. Net income equals to 1800 and 1600 respectively for the year 2020 and 2019.<br>What is operating income margin of of QWERTY Co. for the year 2020?<br>a)<br>9%<br>o13<br>b)<br>11%<br>13%<br>15%<br>

Extracted text: 9- QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020 and 28000 dollars for the year 2019. COGS equals to 24000 and 21000 respectively for the year 2020 and 2019. Operating income equals to 4300 and 3800 respectively for the year 2020 and 2019. Interest expense equals to 2000 and 1800 respectively for the year 2020 and 2019. Interest income equals to 500 and 400 respectively for the year 2020 and 2019. Tax expense equals to 1000 and 800 respectively for the year 2020 and 2019. Net income equals to 1800 and 1600 respectively for the year 2020 and 2019. What is operating income margin of of QWERTY Co. for the year 2020? a) 9% o13 b) 11% 13% 15%

Jun 10, 2022
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