Please Compute for the: Gross Profit Margin and Net Profit Margin

GBC Company Balance Sheet December 31, 2016 Assets Cash Temporary Investments Accounts Receivable (net) Inventories Other Current Assets Equipment (net) Other Assets (non-current) Total Assets 300,000 100,000 400,000 400,000 100,000 1,100,000 200,000 2,600,000 Liabilities & Owner's Equity Accounts Payable Mortgage Payable - 5yrs Owner's Equity Total Liabilities and OE GBC Company Income Statement December 31, 2016 2,000,000 1,200,000 800,000 Sales Less: COS Gross Income for Sale Less: Expenses: Selling Expenses Administrative Expenses Net Income 200,000 100,000 300,000 500,000