Use the following to answer question: 
-(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 3 mixers and bakes 200 cakes per day,what is her average fixed cost?
Definitions:
Net Profit Margin
A profitability ratio calculated by dividing net income by revenue, indicating the percentage of each dollar of revenue that results in net profit.
Total Assets
The sum of all current and long-term assets held by a company, indicating the total resources that a company has at its disposal.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the business.
Times Interest Earned
A metric to assess a company's ability to meet its debt obligations, calculated as earnings before interest and taxes divided by interest expense.
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