Question
Question #1 Carla Vista reported the following information for its fiscal year end: On net sales of $ 51.000 billion, the company earned net income
Question #1
Carla Vista reported the following information for its fiscal year end: On net sales of $ 51.000 billion, the company earned net income after taxes of $ 6.630 billion. It had a cost of goods sold of $ 20.400 billion and EBIT of $ 9.435 billion. What are the companys gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.)
Gross profit margin_____%
Operating profit margin_____%
Net profit margin_____%
Question #2
National City Bank has 713,900,000 shares of common stock outstanding that are currently selling for $ 50.40 per share on the New York Stock Exchange. If National Citys net income was $ 4,283,400,000 in the year that just ended, what was its earnings per share and what is its current price-earnings ratio? (Round answers to 2 decimal places, e.g. 15.25.)
Earning per share $_____?
Price-earnings ratio ______times
If the typical price-earnings ratio for a bank is currently 15, what does the price-earnings ratio for National City tell you about its prospects?
The market is MORE OR LESS ? optimistic about National Citys prospects than it is about the prospects of the typical bank.
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