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JKL Corp. has the following income statement for the year ending December 31, 2012: Sales revenue: $5,000,000 Cost of goods sold: $2,500,000 Gross profit: $2,500,000
JKL Corp. has the following income statement for the year ending December 31, 2012: Sales revenue: $5,000,000 Cost of goods sold: $2,500,000 Gross profit: $2,500,000 Operating expenses: $1,500,000 Operating profit: $1,000,000 Interest expense: $200,000 Income tax expense: $200,000 Net income: $600,000 During the year ending December 31, 2013, JKL Corp. had the following transactions: Sales revenue: $6,000,000 Cost of goods sold: $3,000,000 Operating expenses: $2,000,000 Interest expense: $300,000 Income tax expense: $400,000 Issued $500,000 in long-term debt Repurchased 10,000 shares of common stock for $50 per share Calculate the following financial data for JKL Corp.: a. Gross profit margin for 2013 b. Operating profit margin for 2013 c. Net profit margin for 2013 d. Debt-to-equity ratio as of December 31, 2013 e. Earnings per share for 2013
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