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cked The income statement of Ellen Corporation for the years 2018 and 2019 showed the following gross profit out of calculation. 2019 2018 in Sales

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cked The income statement of Ellen Corporation for the years 2018 and 2019 showed the following gross profit out of calculation. 2019 2018 in Sales Revenue $93,000 $75,000 Cost of Goods Sold $78,000 $59,000 Gross Profit $15,000 $16,000 a) Calculate the gross profit margins for both years. Do not enter dollar signs or commas in the input boxes. Round the gross profit margin to 2 decimal places. 2019 2018 Gross Profit Margin % %

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