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3. Revenues $7,000 $8,000 Cost of Goods Sold $4,500 $5,000 Gross Profit $2,500 $3,000 S G & A $600 $900 Operating Expenses $900 $1,000 Operating

3.

Revenues

$7,000

$8,000

Cost of Goods Sold

$4,500

$5,000

Gross Profit

$2,500

$3,000

S G & A

$600

$900

Operating Expenses

$900

$1,000

Operating Profit

$1,000

$1,100

What is the Gross Margin and Operating Margin in the first year?

How muchhas Gross Profit increased as a percentage?

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