questions 3 &5

b. Compute earnings per share for the year 20X2. 3. Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. a. What is the gross profit margin (ratio of gross profit to sales)? b. If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing? A-Rod Fishing Supplies had sales of $2,500,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,680,000. What was the firm's operating profit? 4. 5. Arrange the following income statersent items so they are in the proper order of an income statement: Taxes Shares outstanding Interest expense Depreciation expense Preferred stock dividends Operating profit Sales Gross profit Earnings per share Earnings before taxes Cost of goods sold Earnings after taxes Earnings available to common stockholders Selling and administrative expense