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Home/ Questions/Previous Question 17 Assume a company's Income Statement for Year 12 is as follows: Year...
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Asked: April 13, 20222022-04-13T07:15:42+00:00 2022-04-13T07:15:42+00:00In: Accounting

Previous Question 17 Assume a company’s Income Statement for Year 12 is as follows: Year…

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Question 17 Assume a company’s Income Statement for Year 12 is as follows:
Income Statement Data Year 12 (in 000s)
Net Revenues from Footwear Sales $ 580,000
Cost of Pairs Sold 370, 000
Warehouse Expenses 40, 000
Marketing Expenses 75, 000
Administrative Expenses 15, 000
Operating Profit (Loss) 90, 000
Interest Income (Expense) (15, 000)
Pre-tax Profit (Loss) 75, 000
Income Taxes 22, 500
Net Profit (Loss) $ 52, 500
Based on the above income statement data and assuming the company has 20 million shar of common stock outstanding, the company’s operating profit margin and EPS were
A. 12.93% and $3.75
B. 13.79% and $1.75
C. 15.52% and $4.50
D. 15.52% and $2.63
E. 9.05% and $3.75
♦ Relevant knowledge

EPS can be described as an abbreviation as earnings per Share. It is a crucial measurement of profitability, which provides an estimate of the amount of net earnings a company earns for every part of the common stock in circulation.

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    Jennifer Lam
    2022-04-13T07:15:46+00:00Added an answer on April 13, 2022 at 7:15 am

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