M & M Has Provided the Following Comparative Income Statements

question 36

Essay

M & M has provided the following comparative income statements and supplemental information:

a.Calculate M & M's gross margin percentage for 2013.
b.Calculate M & M's price/earnings ratio for 2013.
c.Calculate M & M's dividend payout ratio for 2013.

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Definitions:

Lymphatic

Pertaining to the lymphatic system, which is a network of tissues and organs that help rid the body of toxins and waste.

Digestive

Pertaining to digestion or the system in the body involved in the mechanical and chemical breakdown of food.

Respiratory

Relating to or affecting breathing or the organs involved in breathing.

Urinary

Pertaining to the system of organs involved in the formation, storage, and excretion of urine.