10. Denali, Ltd. Shows the following information on its latest income statement: Sales $4,000,000 Cost of Sales $3,000,000 Other Operating Expenses $500,000 Interest Expense $100,000 Depreciation Expense $100,000 Income Taxes $100,000 Denali has 100,000 shares of common stock outstanding throughout the year, with no complex capital structure or potential dilutive securities in its treasury. Denali's Gross Margin is a. $200,000 b. $300,000 C. $1,000,000 d. $400,000 e. $1,500,000 11. Using the same information as in Question 10, Denali's EBITDA is closest to a. $500,000 b. $400,000 C. $300,000 d. $1,000,000 12. Using the Same information as in Question 10, Denali's Net Revenue or Net Income is closest to a. $200,000 b. $500,000 C. $800,000 13. Using the same information as in Question 10, and assuming Denali's Net Income is $500,000, Denali's Basic EBIT is a. $1/share b. $10/share C. $5/share