Figure 3-3
Ice cream is measured in kilograms. 
-Refer to Figure 3-3. Which of the following is correct?
Definitions:
Interest Expense
The cost incurred by an entity for borrowed funds, typically reported on the income statement.
Profit Margin
A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.
Income Tax Rate
The percentage at which an individual or corporation is taxed on their income.
Net Income
Net Income is the total profit of a company after all expenses have been deducted from revenues.
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