Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. 
-The profit margin for Cane Construction is
Definitions:
Target Costing
A pricing strategy in which a product's selling price is determined by market conditions, and the production cost is managed to ensure profitability.
Desired Return
the minimum profit or return a company or investor aims to achieve from an investment or venture.
Investment
The allocation of resources, such as capital or time, with the expectation of generating an income or profit.
Absorption Costing
An accounting method that includes all manufacturing costs, both direct and indirect, in the cost of a product.
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