Question 1 Incorrect Mark 0.00 out of 4.00 P Flag question Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180,000 Other income 20,000 Calculate Alex's gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage 20% x Profit margin percentage 6.7% x Check