Calcualte theProfit Margin, Earnings per share and Price Earnings Ratio for each of these three companies. Financial Data presented in Millions. Market Price 42.5 15.95 107 Shares outstanding 5 12 8 Income Statement Yakima Snake Columbia Sales 110.0 200.0 50.0 Cost of Goods Sold 55.0 70.0 10.0 Gross Margin 55.0 130.0 40.0 Selling and Admin 13.8 39.0 8.0 Income from Operations 41.3 91.0 32.0 Interest Expense 3.0 15.0 7.0 Earnings before taxes 38.3 76.0 25.0 Income tax expense 8.42 16.72 5.50 Net income 29.84 59.28 19.50 Profit Margin Earnings Per share Price Earnings Essay questions: 1 Why is Columbia's Earnings Per Share so low when they have the highest Profit Margin? And Conversly Yakima has the higest Earnings Per Share with the lowest profit margin. Explain this. 2 Comment on each company's Price Earnings Ratio