3 4 IN CLASS ASSIGNMENT #1: PLEASE SHOW ALL OF YOUR WORK ROUND UP TO TWO DECIMAL POINTS! 5 6 Year 19 % of NS Year 18 % of NS Year 17 % of NS 7 Net Sales (NS) 516.20% 100.00% 468.40% 100.00% 9 100.00% 8 Cost of Goods Sold 277.00% 3 250.90% 6 227.90% 52.63% 9 Gross Margin 1 46.34% 4 46.43% 8 10 10 Expenses 175.00% 11 Operating profit 2 33.90% 157.80.% 12.44% 7 5 12.75% 152.60% 52.50% 35.24% 12.12% 12 13 According to the above scenario, please answer Q1, Q2, and Q3: 14 15 Q1: Please find out the answers to the above 10 blank cells in order. 16 Q2: If customer retum rate was 1%, how much was customer retum in dollars for each year? m17 Q3: Based on Q2, how much were gross sales for each year when customer allowances were 0 during each of the three years? 18 OS 19 30