Outdoor World, Inc., manufactures camping equipment. Shown for the current year are the income statement for the company, and a common size summary for the industry in which the company operates. (Notice that the percentages in the right-hand column are not for Outdoor World, Inc., but are average percentages for the industry.) Outdoor World, Inc. Industry Average Sales (net) Cost of goods sold Gross profit on sales Operating expenses $ 20,00e,000 9,800,0e0 $10,20e,ee0 100% 58 42% Selling General and administrative Total operating expenses Operating income Income tax expense Net income Return on assets $ 4,20e,eee 3,400,000 $ 7,60e,e00 $ 2,6ee,eee 1,200,000 $ 1,400e,e00 16% 20 36% 63. 3% 14% 23%