Marketing Math Student Workbook Income Statement Sales Revenue Cost of Goods Sold Gross Profit $1,200,000 $875,000 Q1 Ending Inventory $ 115,000 Q2 $ 130,000 03 $ 135,000 04 $ 125,000 Average Expenses Selling, General & Administrative Financing Total Expenses $175,000 $8,250 Net Profit Before Tax (EBT) Perform the following Calculations Gross Profit Margin % Net Profit % Before Tax Net Income % After Tax Asset Turnover Inventory Turnover 25% Tax Rate Net Income After Tax 18 Page