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INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000 Depreciation Expense $2,200,000 S&A Expenses $1,088,000 Operating Income (EBIT) $17,482,000 Interest Expense
INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000 Depreciation Expense $2,200,000 S&A Expenses $1,088,000 Operating Income (EBIT) $17,482,000 Interest Expense $3,600,000 Income before Taxes $13,882,000 Income Taxes (42%) $5,830,440 Net Income $8,051,560
| INCOME STATEMENT | |
| Net Sales | $31,000,000 |
| Cost of Goods Sold | $10,230,000 |
| Gross Profit | $20,770,000 |
| Depreciation Expense | $2,200,000 |
| S&A Expenses | $1,088,000 |
| Operating Income (EBIT) | $17,482,000 |
| Interest Expense | $3,600,000 |
| Income before Taxes | $13,882,000 |
| Income Taxes (42%) | $5,830,440 |
| Net Income | $8,051,560 |
Nordstrom Inc has the income statement shown above. What is the Net Profit Margin? Round your answers.
a) 46%
b) 39%
c) 26%
d) 29%
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
