Net Sales Less: Cost of Goods Sold Gross Profit on Sales Less: Operating Expenses Net Income Average Inventory Which do you think is more profitable? Grocery 1,050,000.00 1,000,000.00 50,000.00 39,500.00 10,500.00 50,000.00 Dept Store 670,000.00 600,000.00 70,000.00 36,500.00 33,500.00 200,000.00

\begin{tabular}{lcc} & Grocery & \multicolumn{1}{l}{ Dept } \\ Net Sales & 1,050,000.00 & Store \\ \cline { 2 - 2 } Less: Cost of Goods Sold & 1,000,000.00 & 670,000.00 \\ Gross Profit on Sales & 50,000.00 & 600,000.00 \\ Less: Operating Expenses & 39,500.00 & 70,000.00 \\ Net Income & 10,500.00 & 36,500.00 \\ \cline { 2 - 2 } Average Inventory & 50,000.00 & 33,500.00 \\ & & 200,000.00 \end{tabular} Which do you think is more profitable