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Use the following information to answer questions 3235 Your CFO gave you the following information for Blacksbure Assnriato. 32) What is Blacksburg Associates' Gross Profit

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Use the following information to answer questions 3235 Your CFO gave you the following information for Blacksbure Assnriato. 32) What is Blacksburg Associates' Gross Profit Margin? A) 68.5% B) 74.6% C) 88.0% D) 64.0% 33) What is Blacksburg Associates' tax liability? A) $191,471 B) $394,433 C) $231,250 D) $640,312 34) What is Blacksburg Associates' Net Profit Margin? A) 14.5% B) 7.1% C) 9.6% D) 27.8% 35) Blacksburg Eye Associates has 100,000 outstanding shares. They issued a dividend of $3.50/ share. How much did they add to Retained Earnings? A) $124,650 B) $343,750 C) $214,364 D) $450,900

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