Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill Company data are expressed in dollars. The electronics industry averages are expressed in percentages.

Instructions Industry Average 100.0% 58.0 42.0% 23.0% 14.0 370% 50% 2.9 79% Company 4,060,000.00 2,111,200.00 1,948,800.00 $1,055,600.00 649,600.00 $1,705,200.00 $243,600.00 211,600.00 455,200.00 72,000.00 $383,200.00 78,000.00 $305,200.00 Sales Cost of goods sold Gross profit 2 3 4 5 Selling expenses 6 Administrative expenses 7lotal operating expenses 8 Income from operations Other income 10 1 Other expense 12 Income before income tax 13 Income tax expense 14 Net income 6.1% 1.9 4.2%