Enabled: EXAM 3 TB Problem 13-167 (Algo) Mercedes, Company has the following Mercedes, Company has the following quarterly financial information. 4th Sales Revenue Cost of Goods Sold Quarter $ 941,800 3rd $ 951,300 Quarter 2nd Quarter 1st Quarter $949,600 $ 957,400 306,500 319,100 318,700 Operating Expenses Interest Expense 249,700 261,100 259,300 323,900 263,400 4,600 4,600 4,600 4,500 Income Tax Expense 86,300 89,200 89,200 91,700 Average Number of Common Shares Outstanding 803,030 798,064 799,670 813,000 Stock price when Q4 EPS released $ 24 Required: a. Calculate the gross profit percentage for each quarter. b. Calculate the net profit margin for each quarter. c. Calculate the Earnings per share (EPS) for each quarter. d. Calculate the Price/Earnings ratio at the end of the year Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the gross profit percentage for each quarter. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.