Related to Checkpoint Profitability analysis Last year the P M Postem Corporation had sales of $ with a cost of goods sold of $ The firm's operating expenses were $ and its increase in retained earnings was $ There are currently shares of common stock outstanding, the firm pays a $ dividend per share, and the firm has no interestbearing debt.
a Assuming the firm's earnings are taxed at percent, construct the firm's income statement.
b Compute the firm's operating profit margin.
a Assuming the firm's earnings are taxed at construct the firm's income statement.
Complete the income statement below: Round to the nearest dollar.
tableIncome StatementRevenuesCost of Goods SoldGross ProfitOperating ExpensesNet Operating IncomeInterest ExpenseEarnings before TaxesIncome TaxesNet Income
