P Net sales Cost of Sales Gross profit Operating Expenses Operating Income Interest expense Net Income 800,000 (500,000) 300,000 _(90,000) 210,000 _(10,000) 200,000 Total Stockholders' Equity Total Liabilities 500,000 300,000 Match each item to a choice: Compute the Gross Profit ratio Compute the return on assets. Compute the return on equity Compute the Times interest earned ratio. Choices: 38% 20% 22 36% 20 42% 21 30% 40% !! 25%