- Margin calculations Use the following income statement for McGwire-Sosa Lumber Co. to calculate gross and operating margins. McGwire-Sosa Limber 1999 Income Statement
|
Net sales |
$4,000 |
|
Cost of goods sold |
-3,200 |
|
Gross profit |
$800 |
|
Operating expenses |
-200 |
|
Operating income |
$600 |
|
Other income |
40 |
|
Net interest expense |
-60 |
|
Pretax income |
$580 |
|
Income tax |
232 |
|
Net income |
$348 |
|
Earnings per share |
$1.74 |
|
Recent price |
$38.28 |