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

Essay

The following income statement was reported for Bauer Inc. for the first year of operations ending December 31, 2014 reported (in thousands of dollars): $\begin{array}{|l|r|r|}\hline \text { Sales revenue } & & \$ 24,500 \\\hline \text { Expenses: } & & \\\hline \text { Cost of Sales } & \$ 12,100 & \\\hline \text { Salaries and Wages } & 5,300 & \\\hline \text { Rent } & 900 & \\\hline \text { Utilities } & 500 & \\\hline \text { Miscellaneous } & \underline{600} & \\\hline \text { Total Expenses } & & \underline{19.400} \\\hline \text { Income before taxes } & & 5.100 \\\hline \text { Income tax expense } & & \underline{1.785} \\\hline \text { Net income } & & \$ 3.315 \\\hline\end{array}$ Requirement:
A. Calculate net profit margin.
B. Calculate earnings per share if there are 200,000 weighted average shares of common stock outstanding.