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credit basis (Q6) (8 marks) Given below is relevant financial information for Whole Foods Inc, ending 31 December 2017 S 432.500 285,500 12.510 17,950 Net

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credit basis (Q6) (8 marks) Given below is relevant financial information for Whole Foods Inc, ending 31 December 2017 S 432.500 285,500 12.510 17,950 Net sales Cost of goods sold Depreciation expense Management salaries Advertising expenses Utilities expenses Interest expense Taxes 12,500 4,500 6,700 30% Prepare an Income Statement for Whole Foods Inc for the year ended 31 December 2017 in the table given below, to assess the profit or loss of the company. Show separately the Gross Profit, Operating profit, Earnings before taxes, and Net Income. (4 marks) Examine the Net Profit Margin of Whole Foods Inc. for the year 2017? (2 marks) nd the Times Interest Earned ratio and interpret your answer. (2 marks) Whole Foods Inc Income Statement for the year ended 31 December 2017

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