Return to Blackboard Weygandt, Financial and Managerial, 3e Hele System Announcements CALCULATOR PRINTER VERSION Brief Exercise 5-10 Assume Swifty Corporation has the following reported amounts: Sales revenue $617,100, Sales returns and allowances $18,150, Cost of goods sold $399,300, and Operating expenses $133,100. (a) Compute net sales Net sales (b) Compute gross profit. Gross profit $ (c) Compute income from operations Income from operations $ (d) Compute the gross profit rate. (Round answer to 1 decimal place, c.g. 25.29.) Gross profit rate SAVE FOR LATER Question Attempts: 0 of 3 used earch TI o