how did they get the answers?

Use the following information to answer the next four questions: Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below: 2017 Account Accounts Receivable Net Income Inventory Total Stockholder's Equity Total Assets Cost of Goods Sold Net Sales 2018 80,000 75,000 84,000 72,000 56,000 70,000 450,000 810,000 216,000 372,000 500,000 850,000 254,000 400,000 10. TPX Company's 2018 gross profit ratio is: notice that you are not given gross profit. So you need to know how to calculate gross profit on your own a. 57.5% 36.5% C. 63.5%. d. 60.0% net sales . TPX Company's 2018 debt to equity ratio is: a. 50.0% 60.0% (c) 70.0% d. 80.0% TPX Company's 2018 profit margin is: (notice that this is NOT gross profit margin) (a) 18.8% b. 9.0%. c. 19.4%. d. 15.1%. Proft mergin- net sele 14. CC Corporation reports net income of $200,000 that includes depreciation expense