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8.9 and 10 Question 8 (1 point) A company shows the following balances: $986,000 Sales Sales Returns 288,000 Allowances Cost of goods 489,000 sold Operating

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Question 8 (1 point) A company shows the following balances: $986,000 Sales Sales Returns 288,000 Allowances Cost of goods 489,000 sold Operating Expenses 70,000 What is the gross profit? Enter your answer as a whole number without dollar signs or commas. Your Answer: Answer Question 9 (1 point) A company shows the following balances: $931,000 Sales Sales Returns and 280,000 Allowances Cost of goods sold 564,000 Operating Expenses 69,000 What is the gross profit margin? Enter your answer as a whole number without any percentage sign. Your Answer: Answer Question 10 (1 point) ABC Manufacturing has net sales of $240,000, cost of goods sold of $140,000, and operating expenses of $30,000. The profit margin rounded to the nearest percentage is Enter the answer as a whole number, do not include the percentage sign. Your

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