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The following data from the 12/31/20xx financial statements of Designer Style Company: Administrative Expenses $ 70,000 Interest Expense $ 5,000 Cost of Goods Sold 500,000

The following data from the 12/31/20xx financial statements of Designer Style Company:

Administrative Expenses $ 70,000 Interest Expense $ 5,000

Cost of Goods Sold 500,000 Income Tax Expense 42,000

Other Income 10,000 Net Sales 900,000

Total Assets (Beg bal.) 900,000 Selling Expenses 100,000

Total Assets (End bal.) 1,100,000

What was the Gross Profit?

What was the Gross Profit Percentage?

What was the Total Assets Turnover?

What was the Income from Operations?

What was the Income before Income Taxes?

What was the Net Profit Percentage?

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