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The following income statement and balance sheet are for Lily Company: Income Statement Sales ( net ) $ 1 , 2 7 5 , 0

The following income statement and balance sheet are for Lily Company:
Income Statement
Sales (net) $1,275,000
Cost of goods sold (767,500)
Gross profit $ 507,500
Operating expenses (265,000)
Operating income $ 242,500
Interest revenue 5,600
Interest expense (14,700)
Income before taxes $233,400
Income tax expense (70,020)
Net income $ 163,380
Number of shares of common stock 150,000
Balance Sheet
Cash $ 123,500
Receivables (net)96,000
Inventory 113,460
Property, plant, and equipment (net)255,000
Total assets $ 587,960
Accounts payable $ 45,900
Other current liabilities 80,000
Bonds payable 100,000
Common stock 100,000
Additional paid-in capital 100,000
Retained earnings 162,060
Total liabilities & shareholders' equity $ 587,960
Required
Compute the following ratios:
1. Gross profit margin
fill in the blank 1
%
2. Operating profit margin
fill in the blank 2
%
3. Net profit margin
fill in the blank 3
%
4. Current ratio
fill in the blank 4
5. Earnings per share $
fill in the blank 5

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