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Given the information provided in this illustration, what are the gross profit and gross margin ratio? Revenue $235,000 Sales Returns $4,250 Sales Discounts $4,350 Net

Given the information provided in this illustration, what are the gross profit and gross margin ratio?

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Revenue $235,000 Sales Returns $4,250 Sales Discounts $4,350 Net Sales $225,000 Cost of Goods Sold $40,615 Gross Prot Gross Prot Margin 96 Given the information provided in this illustration, what are the gross prot and gross margin ratio? a.) Gross Prot: $185,325 0 Gross Margin Ratio: 82% b.) Gross Prot: $194,325 0 Gross Margin Ratio: 83% 1:.) Gross Prot: $266,675 0 Gross Margin Ratio: 85% d.) Gross Prot: $275,675 0 Gross Margin Ratio: 86%

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