Question: Using the formula sheet on the last page, compute three ratios (gross profit margin, net profit margin, and basic earnings per share) and evaluate Cozy

Using the formula sheet on the last page, compute three ratios (gross profit margin, net profit margin, and basic earnings per share) and evaluate Cozy Fireplaces Inc's performance for its first year of operations against the following standards and expectations: Retail fireplace industry has a gross profit margin of 45% and each dollar of sales results in 30 cents of profits. Investors buying common shares were promised earnings per share of $14 per share

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