Monica's Clothing for Women Amount Net Sales $567,000 Cost of Goods Sold $343,035 Gross Profit $223,965 Wages $45,927 Rent $33,453 Advertising $7,938 Total Expenses $121,338 Net Income before Taxes $102,627 Click the icon to view the table of industry average financial figures. Industry Average Percent 100.0 64.8 B 7.9 D 1.8 F 11.7 Monica's Percent 100.0 A 39.5 5.9 E 21.4 18.1 A) Monica's percent cost of goods sold is%. - Industry averages table Net Income Rent Cost of Type of Business Goods Supermarkets 82.7% Men's and women's apparel 67.0% Women's apparel 64.8% Shoes 60.3% Furniture 68.9% Appliances 66.9% Drugs 67.9% Restaurants 48.4% Service stations 768% Gross Profit 17.3% 33.0% 352% 39.7% 31.2% 33.1% 32.1% Total Expenses* 13.9% 21.2% 23.4% 24.5% 21.7% 26.0% 23.5% 43.7% 16.9% 3.4% 11.8% 11.7% 15.2% 9.6% 7.2% 8.6% 79% 63% Wages 65% 80% 79% 10.3% 9.5% 11.9% 12.3% 26.4% 85% 18% 2.5% 4.9% 4.7% 1.8% 2.4% 2.4% 2.8% 23% Advertising 1.0% 1.9% 18% 1.6% 25% 2.5% 1.4% 1.4% 5% 51.6% 232% *Total Expenses represents the total of all expenses involved in running the firm. These expenses include, but are not limited to, wages, rent, and advertising