The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly common basis Given the increased incentive, they expect net sales to increase by 15% As a result, the estimate that prom proft will increase by $37,014 and expenses by 550,546 Compute the expected new cet income. Hint. You do not need to prepare an income statement. Then, compute the revised profit margin and gross proftrate Comment on the effect that this plan would have on net income and on the ratios and evaluate the merit of this proposal (more income taxeffects) $ Revised net income Revised profit margin (Round to 1 decimal place 15.2%) Revised gross proftrate (Round to 1 decimal places 15.20 The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly common basis Given the increased incentive, they expect net sales to increase by 15% As a result, the estimate that prom proft will increase by $37,014 and expenses by 550,546 Compute the expected new cet income. Hint. You do not need to prepare an income statement. Then, compute the revised profit margin and gross proftrate Comment on the effect that this plan would have on net income and on the ratios and evaluate the merit of this proposal (more income taxeffects) $ Revised net income Revised profit margin (Round to 1 decimal place 15.2%) Revised gross proftrate (Round to 1 decimal places 15.20