Question 5 Not complete Marked out of 2.00 P Flag question Profitability Analysis Erin Enterprises reports the following information on its year-end income statement: Net Sales $200,000 Operating Expenses $40,000 Cost of Goods Sold 110,000 Other Income 25,000 Required Calculate Erin's gross profit percentage and return on sales ratio. (Round answer to one decimal place.) Gross profit percentage = 96 Return on sales ratio = 96 Check Previous A Save Answers