Exercise $9\mathrm{.}12$ Calculate gross profit, cost of goods sold, and selling price MBI Inc. had sales of $$900$ million for fiscal $2022.$ The company's gross profit ratio for that year was $37\mathrm{.}5\%.$

Required:

a$.$ Calculate the gross profit and cost of goods sold for MBI for fiscal $2022.2022.$

c$.$ From a management viewpoint, what would you do with this information?