net sales 42,000,000 cost of golds sold(40%of net sales) 16,800,000 gross profit 25,200,000 selling salaries 3,000,000 sales commission(5%of sales) 2,100,000 promotion expenses 3,000,000 feright(10% of sales) 4,200,000 managerial salaries & expense 2,000,000 indirect overhead 3,000,000 net income 7,900,000 Using the profit-and-loss statement you developed in question #7 (part 2), and assuming that Westgate's beginning inventory was $11 million, ending inventory was $7 million, and total investment was $20 million including inventory determine the following: 1. gross margin percentage 2. net profit percentage 3. operating expense percentage 4. inventory turnover rate 5. return on investment (ROI) 6. net marketing contribution 7. marketing return on sales (marketing ROS) 8. marketing return on investment (marketing ROI) 9. Is the Westgate division doing well? Explain your answer. 7 . B I $$