4.4. Last year Pontiff Enterprises reported net sales of $13,144,680, a gross profit $4,127,429, EBIT OF $2,586,150, and net income of $867,555. Compute Pontiffs cost of goods sold, gross profit margin, operating profit margin, and net profit margin.

4.5. National city Bank has 646,749,650 shares of common stock outstanding that are currently selling for $37.55 per share on the New York Stock Exchange. If National Citys net income was $2,780,955,000 in the year that just ended, what was its earnings per share and what is its current price earnings ratio? If the typical price-earnings ratio for a bank is currently 15, what does the price-earnings ratio for National City tell you about its prospects?