|(amounts in millions) Sales Less: Cost of Goods Sold Gross Margin Less: Operating Expenses Operating Income Less: Interest Expenses Income Before Taxes Less: Tax Expense Net Income $340.0 175.0 $165.0 75.0 $90.0 12.0 $78.0 15.6 $62.4 If Charhole was able to increase sales at a greater rate than cost of goods sold, how would gross margin percentage be impacted? O It would increase. It would decrease It would not be impacted. It cannot be determined with the information given. harora nrofit margin