Assume metlock, inc has the following reported amounts : Sales revenue $1,484,000, Sales returns and allowances 44,000 Cost of goods sold 967,680and Operating expenses $ 320,100

Assume Metlock, Inc. has the following reported amounts: Sales revenue $1,484,000, Sales returns and allowances $44,000, Cost of goods sold $967,680, and Operating expenses $320,100. (a) Compute net sales. Net sales (b) Compute gross profit. Gross profit (c) Compute income from operations. Income from operations $ (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2\%.) Gross profitrate %