Nexus Computers reported the information shown as follows (Click the icon to view the income statement.) ( (Click the icon to view the balance sheet.) Required 1. Is Nexus Computers a merchandising entity, a service business, or both? How can you tell? List the items in Nexus Computers' financial statements that influence your answer 2. Compute Nexus Computers' gross margin for fiscal years 2023 and 2022. Did the gross margin increase or decrease in 2023? is this a good sign or a bad sign about the company? 3. Write a brief memo to the owner advising her of Nexus Computers trend of sales, gross margin, and net income. Indicate whether the outlook for Nexxus Computers is favourable or unfavourable, based on these trends Requirement 1, Is Nexus Computers a merchandising entity, a service business, or both? How can you tell? List the dems in Nexxus Computers' financial statements that influence your answer Nexus Computers is List the items in Nexus Computers financial statements that influence your answer of a box is not used in the table, leave the box blank; do not select a label.) Income Statement t Income statement Nexxus Computers Income Statement Sales revenue Expenses: Cost of goods sold Selling, advertising, general, and administrative Amortization Other expenses Total expenses Net income (in $000) For the Year Ended - January 31, 2023 January 31, 2022 $ 699 28,000 $ 10,900 8,500 7,030 3,400 1,800 260 175 120 355 12,280 9,360 15,720 $ 1,540 ->> Compute nod the man whown a C C Requirements Comedes a metanding why, www How can you C St C Requiem 2. Como ecel y 2023 and 2022 Degre me Whel is the gesorg for 2022 What is the margin for 2121 In 2021 me grows merp C To The O Se Tad of genus Computers good sign or a bat sign about the songany the i Balance sheet ess, o 023 an puters Nexxus Computers Balance Sheet (partial) (in $000) a servic Assets Current assets Cash fluence Accounts and other receivables or fiscal Inventory Prepaid expenses and other current assets Total current asset I any? ble or unfavou Fiscal Year Ended January 31, 2023 January 31, 2022 e your answer 830 $ 260 270 330 2,500 3,600 44 88 3,644 $ 4,278 Print Done bout the compa