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The Following Income Statement Was Reported for Cotrell Inc

Question 124

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The following income statement was reported for Cotrell Inc.for the first year of operations ending December 31,20B,reported in thousands of dollars:
Calculate the following:
(a)net profit margin
(b)earnings per share if there are 100,000 shares outstanding
The following income statement was reported for Cotrell Inc.for the first year of operations ending December 31,20B,reported in thousands of dollars: Calculate the following: (a)net profit margin (b)earnings per share if there are 100,000 shares outstanding

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(a)7.1%,(calculated by dividin...

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