Mercedes, Company has the following quarterly financial information. 3rd Quarter $ 925,300 317,800 259,800 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 $ 915,800 305,200 248,400 3,950 85,000 796,530 $ 24 Required: a. Calculate the gross profit percentage for each quarter. b. Calculate the net profit margin for each quarter. c. Calculate the Earnings per share (EPS) for each quarter. d. Calculate the Price/Earnings ratio at the end of the year. 3,950 87,900 791,564 2nd Quarter $ 923,600 317,400 258,000 3,950 87,900 793,170 1st Quarter $ 931,400 322,600 262,100 3,850 90,400 806,500

Mercedes, Company has the following quarterly financial information. 3rd Quarter $ 925,300 317,800 259,800 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 $ 915,800 305,200 248,400 3,950 85,000 796,530 $ 24 Required: a. Calculate the gross profit percentage for each quarter. b. Calculate the net profit margin for each quarter. c. Calculate the Earnings per share (EPS) for each quarter. d. Calculate the Price/Earnings ratio at the end of the year. 3,950 87,900 791,564 2nd Quarter $ 923,600 317,400 258,000 3,950 87,900 793,170 1st Quarter $ 931,400 322,600 262,100 3,850 90,400 806,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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