accounting

QUESTION #1 Financial Statement Analysis You have obtained the following data for the KH Company for the year ended December 31, 2020. (Some income statement items are missing.) Cost of goods sold . .... $485,000 General and administrative expenses .... . 80,000 Interest expense . ...... ... 8,500 Net income . 12,000 Sales . . ...... 790,000 Tax expense . . .. . 8,000 Answer each of the following questions ?What is the total gross profit . 1 ?What is the amount of operating income .2 What is the amount of other operating expenses (in addition to general and .3 ?administrative expenses) ?What is the gross profit percentage (that is, gross profit as a percentage of sales) .4 ?If the return on assets is 4%, what are the total assets .5 ?If the return on stockholders' equity is 8%, what is the stockholders' equity .6 ?What is the return on sales .7 What is the income tax rate? (Tax Expense/Income before Taxes) .8