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Sheridan AME ENGAGE there Gross Profit $42,500 Operating Expenses Insurance Expense $1,390 Rent Expense $5,460 Salaries Expense $4,010 Telephone Expense $810 Interest Expense $1,940 Depreciation

Sheridan AME ENGAGE there Gross Profit $42,500 Operating Expenses Insurance Expense $1,390 Rent Expense $5,460 Salaries Expense $4,010 Telephone Expense $810 Interest Expense $1,940 Depreciation Expense $5,800 Total Operating Expenses $19,410 Operating Profit Before Tax $23,090 Income Tax Expense $8,082 Net Profit (Loss) $15,008 Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2020. Gross Profit Margin: 32.95 Type here to search hpimage text in transcribed

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