Question 10 Gross Profit/Gross Margin / Net Income A company had: Sales of $695,000 and Cost of goods sold of $278,000 Selling expenses of $100,000 General and Administrative expenses of $250,000 What is its gross margin (show calculations for credit): What is its net income / (net loss) (show calculations for credit): Chapter 10 Question 11 Calculate the goods available for sale for Spark Company, in units and in $ (dollar amounts), given the following facts about their inventory for the period. (Show calculations for credit) Beginning inventory Purchased goods during the period Sold goods during the period Purchased goods during the period Number of Units Cost per Unit 1,100 $20 800 20 700 37 650 21