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Assume Pharoah Company has the following reported amounts: Sales revenue $632400, Sales returns and allowances $18,600, Cost of goods sold $409,200, and Operating expenses $136,400.

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Assume Pharoah Company has the following reported amounts: Sales revenue $632400, Sales returns and allowances $18,600, Cost of goods sold $409,200, and Operating expenses $136,400. (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 profit rate

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