Please solve the operating expenses as a percentage of net sales

RESOURCES Question 3 The following information was taken from the financial statements of Lawson Company: Gross profit on sales Income before income taxes Net income Net income as a percentage of net sales 2017 $900,000 280,000 240,000 2016 $840,000 230,000 216,000 s by StudyN 9% 896 ] Your answer is correct. Compute the net sales for each year. 2017 2016 Net Sales 240000 sl-3000000 SHOW SOLUTIONSHOW ANSWER LINK TO TEXT (b) Your answer is correct. Compute the cost of goods sold in dollars and as a percentage of net sales for each year. 2017 2016 Cost of goods sold in dollars 2100000 1560000 Cost of goods sold as a percentage of net sales 651 % SHOW SOLUTIONSHOW ANSWER LINK TO TEXT Assignment PRINTER VERSION 4 BACK RCES SHOW SOLUTION SHOW ANSWER Attempts: 3 of 5 used Your answer is partially correct. Try again. Camp te operating expenses in dollars and as a percentage o answers to 0 decimal places, e 1,525.) net sales for each year ncome taxes are not operating expenses Round percentages to I dec na pader eg. 1 % and a ther 2017 2016 Operating expenses in dollars 620 610 Operating expenses as a percentage of net sales LINK TO TEXT Attempts: 4 of 5 used SAVE FOR LATER SUBMIT ANSWE pptx lively-art-workbo..oox Aively-art-workbo..docxlively-art-workbo.. .docx 2037