not sure if my calculations are correct

need gross profit percentage and formula

dont understand

Select the labels and enter the amounts to calculate Superior's free cash flow for 2025 NCOA Cash pts for planned Invest Cash dividends 164,500 110000 47500 = Free cash flow 2000 - X Reference 114.000 5 48.000 (6.000) 9,000 1000 (1.500) Superior Exercise Equipment, Inc Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Active Net income motto Reconcile et income to Net Cash Provided by (Used for Operating Activities Depreciation Expense Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salorios Payable Net Cash Provided by (Used for Operating Acties Cash Flows from Investing Activities Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Not Cash Provided by (Used for investing Activities Cash Flows from Financing Activities Cash Payment of Dividends Cash Payment of Notes Payable Cash Rompt from ince of Common Stock Net Cash Provided by (Used for Financing Activities Net Increase Decrease in Cash Cash Balance December 31, 2023 50.500 164.500 (97.000) 122.000 (119.000 147.5001 16.000 15.000 42.500 3.000 57.000 20.000 Cash Balon December 31, 2024 Requirement 1. Calculate the profit margin ratio for 2025 and 2024. Begin by selecting the formula to calculate the profit margin ratio, Profit margin ratio = Net income - Net sales revenue Now, calculate the profit margin ratio for 2025 and 2024. (Round your answers to one tenth of a percent, XX, and do not enter the. For example, enter 10.1% as 10.1.) Profit margin ratio % 2025 % 2024 % -X Data table 2024 McKnight, Inc Comparative Income Statement Years Ended December 31, 2025 and 2024 2025 2023 Net Sales Revenue $ 180,000 $ 158,000 Cost of Goods Sold 96,500 88,000 Selling and Administrative Expenses 46,500 41,000 Interest Expense 9,000 11,000 10,000 8,000 Income Tax Expense 18,000 $10,000 Net Income Additional data Total Assets S 203,000 $ 190,000 $ 169,000 Common Stockholders' Equity 92,500 89,500 80,000 Preferred Dividends 3,500 3,500 Common Shares Outstanding During the Year 30,000 30,000 25,000 0 Requirement 1. Compute Off Road Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio Current ratio - Total current assets + Total current liabilities Debt ratio - Total liabilities + Total assets Earnings per Share = (Net Income - Preferred dividends) + Weighted average number of common shares outstanding Now.compute Off Road Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, XXX) Current Ratio Debt Ratio Earnings per Share 1.50 0.65 $ 1.80 Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately (Round all ratios to two decimal places, XXX) (Click on the icon to view the transactions.) Current Ratio Debt Ratio Earnings per Share a Data table 19,000 81,000 184.000 635,000 99,000 Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payablo Long-term Liabilities Net Income Common Shares Outstanding 41,000 49,000 223,000 72,000 40,000 shares