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1. Marmaris Manufacturing Company has the following Income Statement for the year ended Mar, 2021. Income Statement for the year ended 31 ($) Mar2012 Sales
1. Marmaris Manufacturing Company has the following Income Statement for the year ended Mar, 2021. Income Statement for the year ended 31 ($) Mar2012 Sales revenue 100,000 Cost of goods sold (i) Gross Profit 44,000 Selling expense 20,000 Depreciation expense 4,000 (ii) 20,000 Interest expense (iibb Earnings before Taxes 12,000 Taxes 4,800 EAT (iv) (a)Use appropriate financial management tools to find the missing information to be filled in the place of (i), (ii), (iii), and (iv) in the statement (4Marks) (B) Using the income statement, compute the profit margin of the firm. (3Marks) (C ) If 30,000 shares of Common Stock are outstanding and using the table compute the earnings per share? (3Marks)
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