The following information pertains to Cheng Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. All amounts are in thousands except per share items. 
What is the profit margin for Cheng?
Definitions:
Pester Power
The influence children have over their parents' buying decisions, often achieved by nagging or pleading.
Grocery Store
A retail store that primarily sells food, both fresh and packaged, along with various household goods.
Beg
To ask for something earnestly or humbly, often due to a lack of resources or as a last resort.
Abstract Reasoning
Abstract reasoning involves the ability to think about objects, principles, and ideas that are not physically present.
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