Given the following 2018 profit and loss statement for Ralph's Nursery Supply, calculate the following: 1. Gross Margin 2. Operating Margin = 3. Net Margin= Ralph's Nursery Supply Profit and Loss Statement 2018 Sales Activities $8,953,343 Gross Revenue Less Returns $223,834 Net Revenue $8,729,509 Cost of Goods Sold $3,609,887 Gross Profit $5,119,622 $2,309,876 $1,608,564 Operating Expenses Selling Expenses Overhead Expenses Depreciation Total Operating Expenses Operating Profit $89,432 $4,007,872 $1,111,750 $157,000 Interest Profit before Taxes $954,750 Income Taxes $200,498 Net Profit $754,253 Given the following financial data for Industrial Supply Group for the year ending December 31 2017, calculate the following: 1. Revenue per day= 2. Cost of Goods Sold per day = 3. Days in Inventory= 4. Collection period = 5. Payment Period= 6. Cash Collection Cycle = 7. Inventory Turnover = 8. Asset Turnover = Industrial Supply Group December 2017 Revenue N $6,444,822 Cost of Goods Sold $3,063,064 Inventory $1,334,232 Accounts Receivable $448,009 Accounts Payable $1,452,492 Total Assets $5,403,149 When you complete both exercises, save the file and submit it to the proper dropbox for grading