Transcribed image text: 3 section B Westlawn Company discloses the following for the year ended May 31, 2020 4 Sales Sales discounts Sales returns Gross profit from sales Loss $503,000 6,700 13,800 132,000 32,000 01:17:48 Required: a. Calculate the net sales. Not salos b. Calculate the total operating expenses. Total operating expensos 4 c. Calculate the cost of goods sold, Cost of goods sold 8 01:17:23 d. Calculate the gross profit ratio. (Round your final answer to 2 decimal places.) Gross profitabio % Analysis Component: Westlawn experienced a gross profit ratio for the year ended May 31, 2019. of 23%. Is the change in gross profit ratio for the year ended May 31, 2020 favourable or unfavourable as compare to May 31, 2019? Favourable