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Please help Profitability Analysis Erin Enterprises reports the following information on its yearend income statement: Net Sales $200,000 Operating Expenses $40,000 Cost of Goods Sold

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Profitability Analysis Erin Enterprises reports the following information on its yearend income statement: Net Sales $200,000 Operating Expenses $40,000 Cost of Goods Sold 110,000 Other Income 25,000 Required Calculate Erin's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage = % Return on sales ratio =

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