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Acme Corporation Statement of Income FY 20WW REVENUES Net Sales $3,090,970 Other Income 188,000 Total Revenue $3,278,970 COST OF GOODS SOLD $2,345,192 GROSS PROFIT MARGIN

Acme Corporation Statement of Income FY 20WW REVENUES Net Sales $3,090,970 Other Income 188,000 Total Revenue $3,278,970 COST OF GOODS SOLD $2,345,192 GROSS PROFIT MARGIN $933,778 OPERATING EXPENSES Total Selling Expenses $222,200 Total General Expenses 206,450 Total Operating Expenses $428,650 NET INCOME BEFORE TAXES $505,128 Income tax Paid (25%) $126,282 NET INCOME AFTER TAXES $378,846. FInd the Return on sales

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