Revenue and expense data for Vent Molded Plastics and for the plastics industry as a whole are as shown on the next page.

Required Convert the dollar figures for Vent Molded Plastics into percentages based on net sales. Compare these with the industry average, and comment on your findings.

Vent Molded Plastics Plastics Industry Sales $462,000 100.3%
Sales returns 4,500 .3 Cost of goods sold 330,000 67.1 Selling expenses 43,000 10.1 General expenses 32,000 7.9 Other income 1,800 .4 Other expense 7,000 1.3 Income tax 22,000 5.5