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PATRICK'S FOUR LEAF CLOVERS LTD. Income Statement Year Ended December 31, 2018 $172,800 106,500 66,300 Sales Cost of goods sold Gross profit Operating expenses Salaries

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PATRICK'S FOUR LEAF CLOVERS LTD. Income Statement Year Ended December 31, 2018 $172,800 106,500 66,300 Sales Cost of goods sold Gross profit Operating expenses Salaries Rent Depreciation Loss on disposal of equipment Income from operations Income tax expense Net Income $31,900 2.400 1.900 900 37.100 29,200 5.840 S 23.360 What is the profit margin for Patrick's Four Leaf Clovers? O 17.4% O 26.4% 38.4% O 13.5%

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