Use the Financial Information Below to Calculate the Following:
A

question 89

Essay

Use the financial information below to calculate the following:
A.gross profit for each quarter.
B.net income for each quarter.
C.EPS for each quarter.
D.P/E ratio at the end of the year.
$$\begin{array} { l | r | r | r | r | } \hline & \mathbf { Q 4 } & \mathbf { Q 3 } & \text { Q2 } & \text { Q1 } \\\hline \text { Sales revenue } & \$ 901,800 & \$ 911,300 & \$ 909,600 & \$ 917,4 \\\hline \text { Cost of goods sold } & 304,500 & 317,100 & 316,700 & 321,9 \\\hline \text { Operating expenses } & 247,700 & 259,100 & 257,300 & 261,4 \\\hline \text { Interest expense } & 3,600 & 3,600 & 3,600 & 3,5 \\\hline \text { Income tax expense } & 84,300 & 87,200 & 87,200 & 89,7 \\\hline \begin{array} { l } \text { Average number of common shares } \\\text { outstanding }\end{array} & 793,030 & 788,064 & 789,670 & 803,0 \\\hline \text { Share price when Q4 EPS released } & \$ 24.00 & & & \\\hline\end{array}$$

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Definitions:

Recursive Solutions

Approaches to solving problems where the solution involves calling the same function within itself with gradually modified parameters until a base condition is met.

Recursive Binary Search

A search algorithm that divides a sorted array into halves, calls itself for the half where the target value could be, until it finds the target or the array is not divisible.

Base Cases

The condition(s) in a recursive algorithm that stops the recursion by not calling the method itself.

Stack Overflow

A programming error that occurs when the call stack memory allocated to a program is exceeded, often due to excessive or infinite recursion.