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Amounts from Toy World's income statement are presented below. Compute Toy World's gross profit. $880,000 $1,400,000 $260,000 $1,160,000 Amounts from Toy World's income statement are

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Amounts from Toy World's income statement are presented below. Compute Toy World's gross profit. $880,000 $1,400,000 $260,000 $1,160,000 Amounts from Toy World's income statement are presented below. Compute Toy World's gross profit ratio (round to the nearest tenth of 1 percent) 58% 85% 70% 44%

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