Question
Ipema, Inc. is a wholesale distributor of electronics. It sells laptops, tablets, and other electronic devices. Use the scrambled information below to construct an income
Ipema, Inc. is a wholesale distributor of electronics. It sells laptops, tablets, and other electronic devices. Use the scrambled information below to construct an income statement. In addition, please calculate the gross profit margin, the operating margin, and the net profit margin. Please also calculate the firm's earnings per share and dividends per share.
Interest expense: $35,000
Cost of goods sold: $150,000
Selling and marketing expenses: $40,000
Administrative expenses: $30,000
Number of shares outstanding: 20,000
Sales: $400,000
Common stock dividends: $15,000
Income taxes: $40,000
Depreciation expense: $20,000
Construct Income Statement ??
Earnings per share??
Dividends per share??
Calculate Gross profit margin?
Calculate operating margin??
Calculate net profit margin??
This may count for more than one question**
Thank you!
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