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Problem - Marovich Corporation has provided the following financial data:
Year 2
Year 1
Total assets
$1,332,000
$1,300,000
Common stock, $4 par value
$200,000
Total stockholders' equity
$1,042,000
$1,010,000
Income Statement For the Year Ended December 31, Year 2
Sales (all on account)
$1,230,000
Cost of goods sold
810,000
Gross margin
420,000
Operating expenses
355,615
Net operating income
64,385
Interest expense
9,000
Net income before taxes
55,385
Income taxes (35%)
19,385
Net income
$36,000
Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.41 per share.
Required: Show all Work!
a. What is the company's net profit margin percentage for Year 2?
b. What is the company's gross margin percentage for Year 2?
c. What is the company's return on total assets for Year 2? (Use Net Operating Income for this calculation)
d. What is the company's return on equity for Year 2?
e. What is the company's earnings per share for Year 2?
f. What is the company's book value per share at the end of Year 2?
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