How many 50-foot by 110-foot lots could be obtained from an acre of land?

Tigger Corp. has reported the financial results for year-end 2006. Based on the information given, calculate the firm's gross profit margin and operating profit margin. Net sales = $4,156,700 Net income = $778,321 Cost of goods sold = $2,715,334 EBIT = $1,356,098

A) 34.7%; 32.6% B) 32.6%; 18.72% C) 34.7%; 18.72% D) None of the above

Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017. During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000. Savannah Corporation should report revenue from investment for 2017 in the amount of:

(a) $0 (b) $30,000 (c) $50,000 (d) $80,000