Use the following income statement for Paul Bunyan Lumber Co. to calculate gross and operating margins: Paul

Use the following income statement for Paul Bunyan Lumber Co. to calculate gross and operating margins:

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Paul Bunyan Lumber Income Statement Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income Net interest expense Pretax income Income tax Net income Earnings per share Recent share price $8,000 (6,400) $1,600 (400) $1,200 80 (120) $1,160 (464) $ 696 $ 3.48 $76.56