The following account information, in alphabetical order, was taken from the worksheet of Compu-Soft for the month ended November 30, 2023. Adjusted Trial Balance Account

Debit Credit

201 Accounts payable $ 790

106 Accounts receivable $ 1,240

166 Accumulated depreciation, store equipment 5,000

101 Cash 2,300

502 Cost of goods sold 15,200

612 Depreciation expense, store equipment 130

301 Peter Delta, capital 2,990

302 Peter Delta, withdrawals 5,000

406 Rent revenue 2,900

413 Sales 29,800

415 Sales discounts 50

414 Sales returns and allowances 760

165 Store equipment 7,600

690 Utilities expense 2,500

623 Wages expense 6,700

Totals $ 41,480 $ 41,480

Required: Prepare a multiple-step income statement for the month ended November 30, 2023.

Analysis component: Assume that for the month ended October 31, 2023, net sales were $33,000, cost of goods sold was $20,200, and income from operations was $8,400. Calculate the companys gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)