Ratio Analysis The following information was taken from Den Manufacturing's trial balances as of December 31, 2018, and December 31, 2019.

Required:
1. Calculate the gross profit margin and operating margin percentage for 2019. (Note: Round answers to two decimal places.)
2. Assuming that all of the operating expenses are fixed (or won't change as sales increase or decrease), what will be the operating margin percentage if sales increase by \(25 \%\) ?

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12/31/2019 Accounts receivable Accounts payable $ 13,000 12/31/2018 $ 17,000 22,000 15,000 Cost of goods sold Sales Sales returns 140,000 119,000 274,000 239,000 12,000 11,000 Retained earnings 47,000 16,000 Dividends declared 5,000 1,000 Income from operations 25,000 16,000 Net income 21,000 18,000