Snyder Brush Company sells standard hair brushes. The given information summarizes Snyder's operating activities for the year 2012:
Selling and administrative expenses $ 49,680
Sales revenue 138,000
Merchandise inventory, January 1, 2012 7,500
Merchandise inventory, December 31, 2012 12,360
a) Make an income statement for 2012. find out the ratio of operating expense to the total revenue and operating income to total revenue.
b) Snyder sold 6,000 brushes 2012. find out the unit cost for one brush.