[solved] Assume a company's Income Statement for Year 12 is as follows:
Income Statement DataYear 12
(in 000s)
Net Revenues from Footwear Sales$ 560,000
Cost of Pairs Sold340,000
Warehouse Expenses45,000
Marketing Expenses85,000
Administrative Expenses15,000
Operating Profit (Loss)75,000
Interest Income (Expense)(25,000)
Pre-tax Profit (Loss)50,000
Income Taxes15,000
Net Profit (Loss)$ 35,000
Based on the above income statement data and assuming the company has 20 million shares of common stock outstanding, the company's operating profit margin and EPS were
