Table 1. The New Farm Market: Operating Statement Year One Item Dollars % of Sales Sales $400,000   100.00   Cost of Goods Sold 250.000   62.50             Gross Margin $150,000 37.50   Expenses Wages $38,000   9.50   Management Salary 32,000   8.00   Advertising 10,000   2.50   Supplies 12,000   3.00   Repairs 5,000   1.25   Taxes 10,000   2.50   Insurance 7,000   1.75   Utilities 10,000   2.50   Depreciation 7,000   1.75   Accounting and Legal 4,000   1.00   Interest 5,000   1.25   Other 5,000   1.25             Total Expenses   $145,000   36.25           Net Operating Profit (Income Before Taxes)   $5,000   1.25 [Back]