Q$2$

Chocolate Treats has the following account balances:

Assuming Chocolate Treats uses a multiple$-$step income statement, calculate the following:

$($a$)$ net sales, $($b$)$ gross profit, $($c$)$ operating expenses, $($d$)$ profit from operations, and $($e$)$ profit.

Also, calculate gross profit margin $(\%)$ and profit margin $(\%)$