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Sellall Department Stores reported the following amounts as of its December 31 year-end: Adiministrative Expenses, $2,400; Cost of Goods Sold, $39,900; Income Tox Expense, $3,100;

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Adiministrative Expenses, $2,400; Cost of Goods Sold, \$39,900; Income Tox Expense, \$3,100; Interest Expense, \$3,600; Interest Revenue, \$400; General Expenses, \$2,600; Net Sales, \$57,000; and Delivery (freight-out) Expense, \$500. Required: 1. Calculate the gross profit percentage. 2. How has Sellall performed, relative to the 24.5 percent gross profit percentage reported for Walmart in 2019 ? (You may select more than one answer, Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Sellall Department Stores earned o higher gross profit percentoge than Walmart. Waimart earned a higher gross profit percentage than Sellail Department Stores. Seliail includes more mark-up in the prices it charges customers than Walmart: Waimart includes more mark-up in prices it charges customers than Sellail. Walmart is more puccesstul than Seliall. Selialt is mare successful than Waimart

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