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February 2021 (two points each) Revenue- Net Sales $120,000 Expenses Payroll COGS Rent Utilities Insurance Supplies Note Adm. Costs Advertising 24,000 18,000 6,000 1,000 1,000

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February 2021 (two points each) Revenue- Net Sales $120,000 Expenses Payroll COGS Rent Utilities Insurance Supplies Note Adm. Costs Advertising 24,000 18,000 6,000 1,000 1,000 3,000 5,000 2,000 12,000 I a. b s c. d What is the net profit in cash? What is the net profit percentage? What is the rent ratio? What is the payroll ratio? What is the total expense ratio? e

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