Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Average number of common shares outstanding Stock price when Q4 EPS released
Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Average number of common shares outstanding Stock price when Q4 EPS released 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter $903,800 $913,300 $911,600 $919,400 304,600 317,200 316,800 322,000 247,800 259,200 257,400 261,500 3,550 89,800 803,500 3,650 84,400 793,530 $ 24 3,650 87,300 788,564 3,650 87,300 790,170 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 pla ces.) 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.) Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Average number of common shares outstanding Stock price when Q4 EPS released 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter $903,800 $913,300 $911,600 $919,400 304,600 317,200 316,800 322,000 247,800 259,200 257,400 261,500 3,550 89,800 803,500 3,650 84,400 793,530 $ 24 3,650 87,300 788,564 3,650 87,300 790,170 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 pla ces.) 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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started