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Question 5 In its income statement for the year ended December 31, 2017, Carla Vista Co. reported the following condensed data. Salaries and wages expenses

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Question 5 In its income statement for the year ended December 31, 2017, Carla Vista Co. reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $674,250 Loss on disposal of plant assets 1,431,150 Sales revenue 102,950 Income tax expense 94,250 Sales discounts 449,500 Utilities expense $ 121,075 3,204,500 36,250 232,000 159,500 CARLA VISTA CO. Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the profit margin and gross proferate. (Round answer to 1 decimal place, .g. 15.29.) Profit margin Gross profit rate SHOW LIST OF ACCOUNTS

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