Answer a and b

Calculate gross profit ratio and cost of goods sold LO 2, 3 Refer to the following mentioned data. Requited: a. Calculate the gross profit ratio for each of the past three years. b. Assume that campbell's net sales for the first four months of 2015 totaled $2.7 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2014