1-Use Bird Industry's summary financial statements to answer the following questions.

Bird Industries, Inc.

Balance Sheets

2016 2017

Cash $1,000 $?

Accounts receivable 5,000 6,000

Inventories 6,500 6,000

Land 10,000 12,000

Other fixed assets 8,000 9,000

Accumulated depreciation (1,000) (1,600)

Total assets $29,500 $?

Accounts payable $3,200 $ 6,800

Bonds 4,000 4,000

Common stock 17,000 16,000

Retained earnings 5,300 5,000

Total debt and equity $29,500 $?

Bird Industries, Inc.

2-Income Statement

Sales $84,000

Cost of goods sold 66,400

Gross profit $17,600

Operating expenses (13,000)

Depreciation (600)

EBIT $4,000

Interest expense (500)

EBT $3,500

Taxes (1,500)

Net Income $2,000

A. Use Bird's financial statements to determine the total amount of Bird Industries' common stock:

B. Use Bird Industries' financial statements to determine Bird's operating profit margin for