Question 49 Use the following to answer the questions Net Sales $815,000 Gross profit $390,000 Beginning inventory $26,000 Purchases $432,000 Operating expense $299,000 Average tax rate 19% Operating expense $299,000 Average tax rate 19% Cost of goods sold: Choose ] 48% $74,100 $17.290 $516,000 21% $416,000 $33,000 $26,000 $133,000 11% $91,000 92% $425,000 $364,000 $154,850 $458,000 $383,000 $80.750 Ending inventory: Operating income: Income tax expense: [ Choose ] Gross profit ratio: [ Choose ]