Tantramar Shipbuilding Company had the following information available at its year end September 30, 2014. Accounts are listed in alphabetical order for the convenience of the bookkeeper. 
Instructions
a. Calculate the gross profit margin for Tantramar.
b. Calculate the profit from operations for Tantramar.
c. Calculate the profit margin for Tantramar.
d. List three actions which Tantramar could take to increase its profit margin.
e. If last year's gross profit margin was 39%, comment on the company's results this year.
Definitions:
Inventory Ledger
A detailed record maintaining the quantity and value of a company's inventory over time.
Purchases Journal
An accounting ledger in which purchases of goods on credit are recorded.
Current Selling Prices
The present market value at which goods or services are offered for sale.
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