4. Perform a horizontal analysis for the entry "G nearest tenth) ross Sales" shown on the income statement portion below. (Round to the Increase/Decrease Amount Percent 2012 Revenue Gross Sales Less: Sales Returns and Allowances Net Sales Operating Expenses Salaries and Benefits Rent and Utilities Advertising and Promotions Insurance Miscellaneous Expenses 2011 s258,000 7,100 $193,500 4,800 188,700 250,900 84,600 21,300 1,425 2,250 17,000 $126,575 106,600 24,900 900 1,900 15,300 $149,600 Total Operating Expenses a. 33.3% b. 10.5% C. 3.3% d. 23.9% 15. Jamie's Natural Foods had net sales of $329,500 and the cost of goods sold were $192,400. Operating expenses were 589,672 and owner's equity is $328,775. Calculate the net profit margin. (Round to the nearest tenth) a. 20.4% b. 14.4% c. 26.8% d. 22.8%