If net sales increase by 4%, from $1, 500,000 to $1, 560.000, and the cost of goods sold Increases 4%, t yet answered from $1, 240,000 to $1, 289, 600, the gross profit from sales will increase by 4%. Select one: True False If a company has a return on total assets of 12.0%, and net income of $84,000, its total assets are ret answered $700,000. Select one: True False