You will discover that the various items are jumbled. Place the items in their accepted order and calculate figures for the various profit/earnings components. Note: You have all of the information you need to make these calculations.

Bobkat sells widgets. Thats all it sells. It sells widgets for $4. Using the information we discussed in class on Wednesday, determine the quantity of sale, the contribution margin and the contribution margin ratio.

BobKat Equipment Sales
Income Statement
For the Year Ending December 31, 2016
Earnings before taxes		$2,000
Net sales		$124,000
Operating profit
Gross profit
General and administrative expenses		31,000
Net income
Interest expense		$1,000
COGS		$90,000
Income taxes		$800