Enter answers with the numbers only, DO NOT include dollar signs or commas. Round Answer to nearest whole dollars except for percentages enter as decimal and round 2 Decimal Places. Use a minus sign to enter negative numbers.

1.

Sales = 100,000 Cost of Goods Sold = 75,000 Operating Expenses = 10,000

Gross profit=_________

Net income=__________

Gross Profit Percent (Enter as a Decimal i.e. (.29))=_____________

Return on Sales (NI/Sales) (Enter as a Decimal i.e. (.29)=___________

2.

Sales = 2,750,000 Cost of Goods Sold = 1,850,000 Operating Expenses = 1,000,000

Gross profit=_________

Net income=__________

Gross Profit Percent (Enter as a Decimal i.e. (.29))=_____________

Return on Sales (NI/Sales) (Enter as a Decimal i.e. (.29)=___________

3.

Sales = 375,000 Cost of Goods Sold = 225,000 Operating Expenses = 110,000

Gross profit=_________

Net income=__________

Gross Profit Percent (Enter as a Decimal i.e. (.29))=_____________

Return on Sales (NI/Sales) (Enter as a Decimal i.e. (.29)=___________