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In 2023, Kingsbury Manufacturing has net sales revenue of $624,000, cost of goods sold of $274,560, and all other expenses of $262,104. The net profit
In 2023, Kingsbury Manufacturing has net sales revenue of $624,000, cost of goods sold of $274,560, and all other expenses of $262,104. The net profit was $87,336 and the the profit margin was 14%. The other expenses of $262,104 are as follow: a. Operating expenses: $172,080 b. Interest expenses : $66,808 c. Income tax expense: $23,216 Answer the following: 1. What was the Gross Profit Margin (percentage) 2. What was the amount of operating income ($) 3. What was the times interest interest earned ratio 4. If the average number of common shares outstanding in 2023 was 50,000 and the preferred stock dividends were $10,000, what was EPS (earnings per share) for 2023? 5. If Kingsbury stock was trading at $65 at the year-end, what was the PE ratio for 2023
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