Question 23 (15 points) Saved Net Credit Sales Cost of Goods Sold Operating expenses interest and other expenses 500,000 300,000 75,000 25,000 Inventory at beginning of year Inventory at end of year 38,356 43,836 Stock price Weighted average number of shares 5 500,000 Using the above information, what is the gross profit margin? 40% 25% 20% 60% Question 24 (5 points) Saved Net Credit Sales Cost of Goods Sold Operating expenses interest and other expenses 500,000 300,000 75,000 25,000 Inventory at beginning of year Inventory at end of year 38,356 43,836 Stock price Weighted average number of shares 5 500,000 Using the above information, what is the net income margin? ID 20% 25% 40% 60% Question 25 (5 points) Net Credit Sales Cost of Goods Sold Operating expenses interest and other expenses 500,000 300,000 75,000 25,000 Inventory at beginning of year Inventory at end of year 38,356 43,836 Stock price Weighted average number of shares 500,000 Using the above information, what is the earnings per share? Calculate to two decimal places. AM Saved Question 26 (5 points) Net Credit Sales Cost of Goods Sold Operating expenses interest and other expenses 500,000 300,000 75,000 25,000 Inventory at beginning of year Inventory at end of year 38,356 43,836 Stock price Weighted average number of shares 5 500,000 Total Assets Total Liabilities Current Assets Current Liabilities 750,000 500,000 200,000 150,000 Using the above information, what is the Price/Earnings (PE) ratio? 25 12.5 20