3. Carlita's 2014 return on sales percentage is . 25% 16.67% 15% 10% Carlita Company Income Statement for Year Ending December 31,2014 Sales.. Less: Cost of Goods Sold. Gross Margin.... Less: Operating Expenses.. Operating Income... Less: Interest Expense.... Income Before Taxes.. Less: Tax Expense... Net Income.. $120,000 90,000 $30,000 10,000 $20,000 2,000 $18,000 6,000 $12,000