Chapter $3$: The Income Statement $(100$ points$)$

Show your work clearly for ALL numeric value answers $($except for fill$-$in$-$the$-$chart answers unless otherwise instructed in

subsequent questions$).$ Adhere to the formatting guidelines in the syllabus for presenting numeric answers. For

percentages, round to the nearest tenth. For dollar amounts and decimals, round to the nearest hundredth. Use

thousand separators and include units of measurement.

Nicole Englezakis manages a South African restaurant in a large southern city. The owner wants to know how well Nicole

did this year at generating sales, controlling expenses, and providing a profit. $($a$-$h: $1$ point each, chart: $8$ points$)$