The following information is available for Fernetti Company: Cost of goods sold $1, 120,000 Income tax expense 40.000 Interest expense 20.000 Net sales 1, 780,000 Selling and admin, expense 480,000 Compute each of the following, showing work for partial credit. 1. Gross profit 2. Income from operations 3. Income before income taxes 4. Net income 5. Gross profit percentage 6. Return on sales ratio