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Calculate the gross profit margin for arlington

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Reference no: EM132611833

Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015.

                                                                   2016                          2015

Sales                                            $4,853,500               $4,755,900

Cost of goods sold                               3,258,950                 3,200,300

Gross Profit                                        1,594,550                    1,555,600

Operating expenses                                875,880                      896,280

Profit                                                    $718,670                     $659,320

Question 1: Calculate the gross profit margin for Arlington for 2015 and 2016

Question 2: Calculate the profit margin for Arlington for 2015 and 2016.

For each ratio calculated in (a) and (b) above, comment if the ratio has improved or deteriorated from 2015 to 2016.

Reference no: EM132611833

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