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Net Sales 78,812 Cost of Goods Sold 51,422 Net Property and Equipment 24,637 Selling, General and Administrative Exp 16,597 Long-Term Debt 14,724 Inventory 11,057 Accounts

Net Sales

78,812

Cost of Goods Sold

51,422

Net Property and Equipment

24,637

Selling, General and Administrative Exp

16,597

Long-Term Debt

14,724

Inventory

11,057

Accounts Payable

7,497

Capital Stock

5,427

Retained Earnings

4,032

Income Tax Expense

3,082

Dividends

2,322

Other Long-Term Liabilities

2,042

Cash

1,929

Interest Payable

46

Depreciation Expense

1,627

Salaries Payable

1,428

Accounts Receivable, net

2,000

Unearned Revenue

1,337

Prepaid Insurance

895

Interest Expense

699

Income Taxes Payable

526

Sales Taxes Payable

396

What do all four financial statements look like?

What is the gross profit?

What is the gross margin ratio?

Show all work.

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