just added the 1st pic... all instructions

Selected accounts from the accounting records of Larosse Imports at September 30, 2020, are shown in the popup. Larosse Imports uses the periodic inventory system. 0 (Click the icon to view the accounts.) Required 1. Show the computation of Larosse lmports' net sales, cost of goods sold, and gross margin for the year ended September 30, 2020. 2. Glen Larosse, owner of Larosse Imports. strives to earn a gross margin percentage of 40 percent. Did he achieve this goal? 3. Did the rate of inventory turnover reach the industry average of 3.4 times per year? Requirement 1. Show the computation of Larosse Imports' net sales, cost of goods sold, and gross margin for the year ended September 30. 2020. Begin by determining net sales, and then continue with the calculation to cost of goods sold and nally gross margin. V Less: : l Net sales revenue Cost of goods sold: I: Less: | Net purchases Cost of goods available for sale Less: UHMHUH MU Requirement 2. Glen Larosse, owner of Larosse Imports, strives to earn a gross margin percentage of 40 percent. Did he achieve this goal? (Round your answer to the nearest one decimal place.) Larosse Imports earned a gross margin percentage of %. Larosse Imports its goal of earning of earning a gross margin percentage of 40%. Requirement 3. Did the rate of inventory turnover reach the industry average of 3.4 times per year? (Round your answer to the nearest one decimal place.) The rate of inventory turnover was , which the industry average of 3.4. 0 Accounts - X Purchases 206,400 Sales Revenue 378,000 Salaries Payable 4,450 Sales Returns and Allowances 10,800 September 30, 2020 50,800 Equipment 91,000 Accumulated AmortizationEquipment 18,800 General Expenses 31,000 Accounts Receivable 34,500