Question 1 Use the following information to answer the Questions below. Enter answers with the numbers only, DO NOT include dollar signs or commas. Round Answer to nearest whole dollars except for percentages enter as decimal and round 2 Decimal Places. Use a minus sign to enter negative numbers. Cost of Goods Sold = 75,000 100,000 Sales Expenses 10,000 Calculate the following: = 1. Gross Profit 2. Net Income 3. Gross Profit Percent (Enter as a Decimal i.e. (.29)) 4. Return on Sales (NI/Sales) (Enter as a Decimal i.e. (.29) 1 pts Operating

Use the following information to answer the Questions below. Enter answers with the numbers only, DO NOT include dollar signs or commas. Round Answer to nearest whole dollars except for percentages enter as decimal and round 2 Decimal Places. Use a minus sign to enter negative numbers. Sales =100,000 Cost of Goods Sold =75,000 Operating Expenses =10,000 Calculate the following: 1. Gross Profit 2. Net Income 3. Gross Profit Percent (Enter as a Decimal i.e. (.29) ) 4. Return on Sales (NI/Sales) (Enter as a Decimal i.e. (.29) gleo Better hignes bette inventory numlos of