Determine the profit margin with the following;

Question

Income tax expense: 139,200
Sales: 1,348,000
Selling expense: 383,100
Interest expense: 5,800
General and administrative expenses: 369,990
Earnings per share: $2.97
Stockholders equity: 549,000

Answer 1

Your information is confusing.

The only figure for which you've used a dollar sign is the EPS.

Is the shareholders' equity 549,000 shares -- or $549,000? -- or $549,000,000?

Please clarify, and someone may try to help you. It would also help if we know what you think the profit margin is.