Elite Emporium's Income Statement for January:

$$ Sales Revenue: INR $18,000$

$$ Cost of Goods Sold $($COGS$)$: INR $10,000$

$$ Gross Profit: INR $8,000$

$$ Operating Expenses:

$$ General and Administrative Expenses: INR $12,500$

$$ Marketing and Advertising Expenses: INR $4,500$

$$ Research and Development Expenses: INR $3,000$

$$ Operating Income $($Operating Profit$)$: INR $5,700$

$$ Other Income and Expenses: INR $500$

$$ Interest Income: INR $1,000$

$$ Interest Expense: INR $1,200$

$$ Income Before Tax: INR XXXX

$$ Income Tax Expense: INR $6,200$

$$ Net Income: INR $3,000$

$1.$ Calculate the Net Profit Margin for Elite Emporium in January. Is this margin considered favorable or unfavorable in general terms?

$2.$ Explain the significance of Gross Profit for Elite Emporium. Why is it an essential indicator for assessing financial performance?

$3.$ Compare Elite Emporium's Operating Income to its Gross Profit. What insights can be drawn from the difference between these figures?

$4.$ Discuss how investors and creditors can utilize Elite Emporium's Net Income to evaluate the company's financial health and prospects.

$5.$ Examine the Income Tax Expense of INR $6,200.$ What factors contribute to the payment of income taxes, and how does this expense affect Elite Emporium's financial statements and overall profitability?

$6.$ Analyze the relationship between General and Administrative Expenses and Operating Expenses. How do these cost categories impact Elite Emporium's cost structure and profitability?