SERVICE 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%

Question
SERVICE 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%
Expand
Transcribed Image Text

SERVICE 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%

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