QUESTION 3 Incorrect Mark 0.00 out of 5.00P Flag question Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net Sales 180,000 Operating Expenses $40,000 Cost of Goods Sold 110,000 Other Income 25,000 Required Calculate Shannon's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage- Return on sales ratio- Check You have correctly selected O Macks for this submission:0.00/5.00 Previous oage