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Assume Blue Spruce Corp, has the following reported amounts: Sales revenue $724,000, Sales returns and allowancos $2,000, Cost of goods sold $463,980, and Operating expenses

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Assume Blue Spruce Corp, has the following reported amounts: Sales revenue $724,000, Sales returns and allowancos $2,000, Cost of goods sold $463,980, and Operating expenses $156,200 (a) Compute net sales: Net sales $ (b) Compute gross profit. Gross profit. (c) Compute income from operations, (c) Compute incorne from operations. Inceme from operations (d) Compute the gross profit rate: (Round arower to 1 decinal ploce, es. 25.21.) Gross profit rate

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