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RetailTech Corp. provides the following comparative financial data for the past three years. Description 2021 2020 2019 Net Sales $14,000,000 $13,500,000 $13,000,000 Cost of Goods
RetailTech Corp. provides the following comparative financial data for the past three years.
Description | 2021 | 2020 | 2019 |
Net Sales | $14,000,000 | $13,500,000 | $13,000,000 |
Cost of Goods Sold | $8,400,000 | $8,100,000 | $7,800,000 |
Gross Profit | $5,600,000 | $5,400,000 | $5,200,000 |
Operating Expenses | $2,800,000 | $2,700,000 | $2,600,000 |
Operating Income | $2,800,000 | $2,700,000 | $2,600,000 |
Interest Expense | $560,000 | $540,000 | $520,000 |
Earnings Before Tax | $2,240,000 | $2,160,000 | $2,080,000 |
Tax Expense | $448,000 | $432,000 | $416,000 |
Net Income | $1,792,000 | $1,728,000 | $1,664,000 |
Requirements:
- Calculate the Gross Profit Margin for each year.
- Determine the Operating Margin for each year.
- Compute the Net Profit Margin for each year.
- Evaluate the trend in financial performance over the three years.
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