Ratio Analysis The following information was taken from Division Manufacturing's December 31st trial balances for this year and the previous year. This Year Previous Year Accounts receivable $14,000 $17,000 Accounts payable 22,000 15,000 Cost of goods sold 158,000 124,000 Sales 346,000 239,000 Sales returns 17,000 10,000 Retained earnings 32,000 16,000 Dividends declared and 3,000 2,000 paid Operating income Net income 25,000 19,000 18,000, 18,000 Required: 1. Calculate the gross profit margin and operating margin percentage for this year. Round your answers to two decimal places. This Year Gross profit margin percentage Operating margin percentage % % 2. Assuming that all of the operating expenses are fixed (or, won't change as sales increase or decrease), what will be the operating margin percentage if net sales