Current Attempt in Progress In 2015, Canadian Tire reported sales revenue of $12,279.6 million, cost of goods sold of $7,747.1 million, and net income of $735.9 million. In 2014, it reported sales revenue of $12,462.9 million, cost of goods sold of $8,033.2 million, and net income of $639.3 million Calculate the gross profit margin and profit margin for each year. (Round answers to 1 decimal place, e.g. 5.2%) 2015 2014 Gross profit margin Profit margin Culver Limited reports the following information sales $1,101,000, sales returns and allowances $23,000: sales discounts $18,300, cost of goods sold $652,800; administrative expenses $159,000; selling expenses $111,100; other revenues $25,400, other expenses $34,600; and income tax expense $28,000. Assume Culver uses a multiple-step income statement la Ac- sekly Up- Part 1 Support Calculate net sales. Net sales $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Part 2 Calculate gross profit Gross profits e Textbook and Media Save for Later Attempts:0 of 3 used Submit Answer MacBook Air Part 3 Calculate income from operations. Income from operations $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Part 4 Calculate income before income tax. Income before income tax $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Part 5 Calculate net income. Net income $