The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the month ended November 30, 2020.

		Adjusted Trial Balance
	Account		Debit			Credit
201	Accounts payable				$	810
106	Accounts receivable	$	1,260
166	Accumulated depreciation, store equipment					5,200
101	Cash		2,400
502	Cost of goods sold		15,400
612	Depreciation expense, store equipment		120
301	Peter Delta, capital					3,495
302	Peter Delta, withdrawals		5,200
406	Rent revenue					3,100
413	Sales					30,000
415	Sales discounts		45
414	Sales returns and allowances		780
165	Store equipment		7,800
690	Utilities expense		2,700
623	Wages expense		6,900
	Totals	$	42,605		$	42,605

Required: Prepare a multiple-step income statement for the month ended November 30, 2020.

Analysis component: Assume that for the month ended October 31, 2020, net sales were $35,000, cost of goods sold was $22,200, and income from operations was $8,600. Calculate the companys gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)