Gross sales in the women's shoe department were $1,715,000. Customer returns totaled 6.5%. Calculate net sales. $9,432,500 $111,475 $1,603,525 $1,826,475 Question 11 (3 points) Which of the following is correct about profit factors in P&L statement? Gross margin is the difference between net sales and profit Customer return % is calculated out of net sales. Loss occurs when gross margin exceeds expenses. Everythin