Profitability Analysis Alex Enterprises reports the following information on its year-end income statement: Net Sales $320,000 Operating Expenses $60,000 Cost of Goods Sold 180,000 Other Income 20,000 Required Calculate Alex's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) 0 % Gross profit percentage = Return on sales ratio = 096 Check Previous Save Answers Type here to search