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Cool Beans is a locally owned coffee shop that has just completed its most recent fiscal year. Lucinda, the manager, was pleased to see that

Cool Beans is a locally owned coffee shop that has just completed its most recent fiscal year. Lucinda, the manager, was pleased to see that total revenues had grown by 8% over the fiscal year ending 2012. Here is a partial income statement for that period. See if you can calculate net income before answering the questions.For 12 Months EndingMarch 31,2013$000%Total Revenue$2,000100.0%Cost of Revenue 77.5%Gross Profit Research and Development$30.2%Selling, General and Admin$1809.0%Operating Income or Loss Interest Expense$301.5%Net Non-Recurring Events$00%Income Taxes 2.0%Net Income How many months does the Income Statement cover?

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