MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets $50,000 70.000 110.000 220.000 $450,000 LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Accrued expenses Long-term debt Common stock Pad-in capital Retained earnings Total liabilities and stockholders equity $70.000 50,000 130,000 70.000 40.000 90.000 $450 000 MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Depreciation Operating prof Interest expense Profit before taxes $875000 600.000 $275000 30.000 55.000 $190.000 25000 ST65000 9500 S1153500 Taxes (30%) Net income Refer to the tables above. Compute Megaframe's after tax profit margin O 57% O 13.2% O 154% O 189