1. Garza Company had sales of $145,000, sales discounts of $2,175, and sales returns of $3,480. Garza Company's net sales equals:

2. A company had net sales of $776,600 and cost of goods sold of $556,100. Its net income was $22,960. The company's gross margin ratio equals:

3. Cushman Company had $816,000 in sales, sales discounts of $12,240, sales returns and allowances of $18,360, cost of goods sold of $387,600, and $280,705 in operating expenses. Gross profit equals: