The Following Income Statement Was Reported for Bauer Inc Requirements:
A

The following income statement was reported for Bauer Inc.for the first year of operations ending December 31,2010 reported (in thousands of dollars):
$$\begin{array} { l r r } \text { Sales revenue } & & \$ 24,500 \\\text { Expenses: } & & \\\text { Cost of Sales } & \$ 12,100 & \\\text { Salaries and Wages } & 5,300 & \\\text { Rent } & 900 & \\\text { Utilities } & 500 & \\\text { Miscellaneous } & 600 & \\\text { Total Expenses } & & 19,400 \\\text { Income before taxes } & & 5,100 \\\text { Income tax expense } & & 1,785 \\\text { Net income } & & \$ 3,315\end{array}$$ Requirements:
A.Calculate net profit margin
B.Calculate earnings per share if there are 200,000 shares of common stock outstanding