Double checking these to see if the answer circled is correct or not. d) 55.00 U

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Double checking these to see if the answer circled is correct or not.

d) 55.00 Use the following information for the next 4 questions Southhampion Corporation's financial statements (S millions) 2014 $2,010 Income Statement Summary 2013 s 1.799 Sales Earnings before interest & taxes $304 (EBIT) Interest expense (net) Income before taxes $221 7 $214 (79) (12) $292 (99) 34% $193 Income Taxes Tax Rate Net income Common shares outstanding (millions) 38 mary 2012 $504 513 681 151 2013 2014 Current assets $654 Timberland assets Property, plant& equipment 508 718 34 513 827 Other assets Total assets 38 $1,849 $1,796 $2,032 Current liabilities $176 493 136 1,044 $180 530 $162 370 127 1,137 Long-term debt Deferred taxes& other Equity Total liabilities & equity $1,849 $1.79$2,032

Explanation / Answer

Proft Margin = Net income/Sales
Profit margin in 2013 = 135/1799 = 7.5%
Profit margin in 2014 = 193/2010 = 9.6%

Option a is correct.

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