Business

FinanceQ&A LibrarySERVICE REMENUE Sales revenue, net Cost of goods sold Gross profit $ 281,000 120,000 161,000 OPERATING EXPENSES Selling expenses Wages expense - seling Fuel expense - selling Depreciation expense - selling Total selling expenses General and adrninistrative expenses 15,000 20,000 45,000 80,000 Rent expense - administrative Office supplies expense - administrative 12,000 15,000 27,000 107,000 54,000 Total general and administrative expenses Total operating expenses Total incorne fron operations OTHER EXPENSES Interest expense 2,000 52,000 Total incorne before tax Incorme tax expense 13,000 39,000 Net income Eamings Per Share (EPS) 2$ 0.65 What is Carson's Bakery net profit margin? O 13.87% O 57.29% O 38.07% O 33.54%Start your trial now! First week only $4.99!*arrow_forward*

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