INCOME STATEMENT REVENUE 1,354,825 CONSTRUCTION COSTS Materials 428,457 Labor 123,542 Subcontract 485,320 Equipment 68,000 Other 1.528 Total Construction Costs 1,106,847 EQUIPMENT COSTS Rent and Lease Payments 35.425 Depreciation 32,397 Repairs and Maintenance 21.254 Fuel and Lubrication 29,245 Taxes, Licenses, and Insurance 1.254 Equipment Costs Charged to Jobs 19,525 Total Equipment Costs 100.050 GROSS PROFIT 147,928 OVERHEAD 101,384 NET PROFIT FROM OPERATIONS 46,544 EQUIPMENT COSTS Rent and Lease Payments 35,425 Depreciation 32,397 Repairs and Maintenance 21,254 Fuel and Lubrication 29,245 Taxes, Licenses, and Insurance 1,254 Equipment Costs Charged to Jobs 19,525 Total Equipment Costs 100,050 GROSS PROFIT 147,928 OVERHEAD 101,384 NET PROFIT FROM OPERATIONS 46,544 OTHER INCOME AND EXPENSE 21,521 PROFIT BEFORE TAX 68,065 INCOME TAX 33,434 PROFIT AFTER TAX 34,631 What is the pre-tax profit margin ratio for the company's income statement above? 96