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Emily Enterprises reports the following information on income statement Cost of gods sold 170.000 Other 10.000 Required Compute Emys gross profit percentage and return on

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Emily Enterprises reports the following information on income statement Cost of gods sold 170.000 Other 10.000 Required Compute Emys gross profit percentage and return on sales ratio Emily is planning to add a new product and expects net sales to be 50.000 and cost of goods to be $28.000. No other income or expenses are expected to change How will this affect Emily's gross profit percentage and return on sales to Round all answers to 1 decimal place) NEW PRODUCTS MADE Groete retum on Sales

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