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Refer to the following mentioned data. Required: a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbell's net

image text in transcribed Refer to the following mentioned data. Required: a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbell's net sales for the first four months of 2021 totaled $3.2 billion. Calculate an estimated cost of goods and gross profit for the four months, using the gross profit ratio for 2020 . Complete this question by entering your answers in the tabs below. Assume that Campbell's net sales for the first four months of 2021 totaled $3.2 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2020 . Note: Do not round intermediate calculations. Enter your answers in millions rounded to nearest whole number (i.e., 5,000,000 should be entered as 5)

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