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Sales $ 98,800.00 COGS $ 57,200.00 Gross Profit $ 41,600.00 Operating Expenses Selling and Administration $ 41,590.00 Depreciation Expense $ 3,000.00 Total Operating Expense $

Sales $ 98,800.00
COGS $ 57,200.00
Gross Profit $ 41,600.00
Operating Expenses
Selling and Administration $ 41,590.00
Depreciation Expense $ 3,000.00
Total Operating Expense $ 44,590.00
Interest Expense $ 201.78
Income before tax $ (3,191.78)
Income tax $ (1,276.71)
Net Income $ (1,915.07)

Does it appear that Owens business will remain solvent, or could the company be heading for a cash crisis

at least 1 reference. No plagiarism or copy 200 word

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