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Consider the following income statement. Aubie Tech. Income Statement 2016 Sales Cost of Goods Sold Salaries Utilities Rent Insurance Mortgage Interest Loan Interest Depreciation Expense

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Consider the following income statement. Aubie Tech. Income Statement 2016 Sales Cost of Goods Sold Salaries Utilities Rent Insurance Mortgage Interest Loan Interest Depreciation Expense Advertising Expense Taxable income Income Taxes (35%) Net Income (SK) 500 100 150 10 5 5 20 10 18 30 152 53.2 98.8 The net profit margin is: 19.8% 30.4% 24.7% 24.4%

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