Question: Fill in the missing values for the income statement below given the following information: Gross margin is 30% Net Margin is 10% Manufacturing Overhead is

 Fill in the missing values for the income statement below given

Fill in the missing values for the income statement below given the following information: Gross margin is 30% Net Margin is 10% Manufacturing Overhead is 10% of Direct Materials Cost Tax rate is 20% No interest was paid over the last six months Tesla, Inc Income Statement (10-Q) Six Months Ended June 30, 2019 (in millions) Sales revenue Less: Cost of goods sold Direct materials $ 43,795 Direct labor Manufacturing overhead Total cost of goods sold Gross profit Less: Operating expenses Research and Development $ 15,000 General and administrative expenses Restructuring and Other $ 12,203 Total operating expenses Earnings before interest and taxes Less: Interest expense Income before income taxes Less: Income tax expense NET INCOME $ $ 4,500 18,000

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