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Chibi Robo Restaurant has the following simple income statement for the month ended, January 31, 2018: Sales $200,000 Expenses: Cost of Goods Sold $100,000 Wages
Chibi Robo Restaurant has the following simple income statement for the month ended, January 31, 2018: Sales $200,000 Expenses: Cost of Goods Sold $100,000 Wages 30,000 Depreciation 2,000 Rent 5,000 Interest 500 Income Taxes 9,000 Total Expenses $146,500 Net Income $ 53,500 Find the following related to the income statement above: a) What is the companys Gross Profit? b) What is the companys Operating Income? c) What is the companys Income before Taxes? d) What is the companys Gross Profit %? e) What is the companys Return on Sales?
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