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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $22,728; Income Tax Expense, $3,000;

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $22,728; Income Tax Expense, $3,000; Interest Expense, $1,600; Interest Revenue, $200; General Expenses, $2,600; Net Sales, \$37,880; and Delivery (freight-out) Expense, \$300. 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.) Seliall Department Stores eamed a higher.gross profit percentage than Walmart Waimart earned a higher gross profit percentage than Sellall Department Stores Seltall includes more mark-up in the prices it charges customers than Walmart. Walmart includes more mark-up in prices it charges customers than Sellall. Sellall is more successful than, Waimart. Walmart is more successful than Sellall

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