1.66 points MBI, Inc, had sales of $44 milion for fiscal 2016 The company's gross profit ratio fr hat 2016 The rYs 25% Required a. Calculate the gross profit and cost of goods sold for MBI, Inc, for fscal 2016 (Enter your answers in millions rounded to 2 decimal places. fi.e., 5.s00,000 should be entered as 5.so Grons proft Cost of goods sol b. Assume that a new product is for all products for fiscal 2016 (Do not round intermediate calculations Enter your answer in dollars rounded to 2 decimal manufacture Calculiale the selingprice that must be set for this new product t its gross proft ratio is to be the same as the .erage achieved prospects for success ais rice False