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Compute the firm operating profit margin

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Problem - Last year the P. M. Postem Corporation had sales of $449,000, with a cost of goods sold of $112,000. The firm's operating expenses were $126,000, and its increase in retained earnings was $103,340. There are currently 21,000 shares of common stock outstanding, the firm pays a $1.61 dividend per share, and the firm has no interest-bearing debt.

Assuming the firm's earnings are taxed at 35 percent, construct the firm's income statement.

Compute the firm's operating profit margin.

Reference no: EM132980462

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