Connie's Convenience Store had sales of $500,000 in the year.The gross margin was $300,000. Operating income was $100,000.Companies in similar businesses expect a gross margin of 70% and anoperatin 1. Connie's Convenience Store had sales of \( \$ 500,000 \) in the year. The gross margin was \( \$ 300,000 \). Operating income was \( \$ 100,000 \). Companies in similar businesses expect a gross ma 2 answers