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Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $3,000; Cost of Goods

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Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $3,000; Cost of Goods Sold, $24,800; Income Tax Expense, $3,600; Interest Expense, $2,200; Interest Revenue, $260; General Expenses, $3,200; Net Sales Revenue, $40,000; and Delivery (freight-out) Expense, $360. 1. Calculate the gross profit percentage. Worksheet Numerator Denominator

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