1 A B Our company had net sales of $100,000. Total assets were $7 million and total liabilities were $4 million. The cost of goods sold was $60,000. What is the amount of the gross margin? .$100,000 $40,000 $3 million $7 million D 2 A Our company had net sales of $100,000. Total assets were $7 million and total liabilities were $4 million. The cost of goods sold was $60,000. What is the gross margin percentage? . 40% .42.9% .60% some other amount . B D