Net sales Cost of products sold Gross margin (In millions) 2017 2016 2015 $34,982 $30,292 $26,350 14,633 13,218 13,613 $20,349 $17,074 $12,737 Required: a. Calculate the gross profit ratio for each of the past three years. (Round your answers to 2 decimal places.) 2017 % 2016 % % 2015 b. Assume that Campbell's net sales for the first four months of 2018 totaled $12.91 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2017. (Round intermediate calculations to 2 decimal places. Enter your answers in millions rounded to nearest whole number (i.e., 5,000,000 should be entered as 5).) million Cost of goods sold Gross profit million