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Required information Skip to question [The following information applies to the questions displayed below.] Nath Company, prides itself as being the worlds leading marketer of

Required information

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[The following information applies to the questions displayed below.]

Nath Company, prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for the second quarter of 2019:

Net Sales $ 1,864
Income Tax Expense 44
Dividends 24
Salaries and Wages Expense 588
Cost of Goods Sold 1,158
Interest Expense 26

2-a. How much was the gross profit? (Enter your answer in millions.)

2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)

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