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INCOME STATEMENT Net Sales $10,000,000 Cost of Goods Sold $4,000,000 Gross Profit $6,000,000 Depreciation Expense $1,600,000 S&A Expenses $1,368,000 Operating Income (EBIT) $3,032,000 Interest Expense

INCOME STATEMENT

Net Sales

$10,000,000

Cost of Goods Sold

$4,000,000

Gross Profit

$6,000,000

Depreciation Expense

$1,600,000

S&A Expenses

$1,368,000

Operating Income (EBIT)

$3,032,000

Interest Expense

$2,700,000

Income before Taxes

$332,000

Income Taxes (42%)

$139,440

Net Income

$192,560

Goodyear Tire & Rubber Co has the income statement shown above. What is the Net Profit Margin? Round your answers.

INCOME STATEMENT
Net Sales $22,000,000
Cost of Goods Sold $9,610,000
Gross Profit $12,390,000
Depreciation Expense $1,600,000
S&A Expenses $832,000
Operating Income (EBIT) $9,958,000
Interest Expense $1,800,000
Income before Taxes $8,158,000
Income Taxes (42%) $3,426,360
Net Income $4,731,640

Amgen Inc has the income statement shown above. What is the Earnings Per Share EPS if the firm has 4 million common shares? Round your answers.

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