Mercedes, Co. has the following quarterly financial information.

	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
Sales revenue	$	943,800		$	953,300		$	951,600		$	959,400
Cost of goods sold		306,600			319,200			318,800			324,000
Operating expenses		249,800			261,200			259,400			263,500
Interest expense		4,650			4,650			4,650			4,550
Income tax expense		86,400			89,300			89,300			91,800
Average number of common shares outstanding		803,530			798,564			800,170			813,500
Stock price when Q4 EPS released	$	24

a.	Calculate the gross profit percentage for each quarter. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

	Q4		Q3		Q2		Q1
Gross Profit Percentage		%		%		%		%

b.	Calculate the net profit margin for each quarter. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

	Q4		Q3		Q2		Q1
Net Profit Margin		%		%		%		%

c.	Calculate the EPS for each quarter. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

	Q4	Q3	Q2	Q1
EPS

d.	Calculate the Price/Earnings ratio at the end of the year. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

P/E Ratio