TULLII CIUIIII HOOPER'S OUTDOOR ADVENTURE Income statement bers in thousands 2017 Net Sales $4,810 Cost of Goods Sold $2,407 Gross Margin $2.403 Operating Expenses $1.770 Selling, General, and Administrative Operating Profit Margin $633 Interest $81 Taxes $203 Net Profit $349 2016 $4.650 $2.320 $2.330 $1.710 HOOPER'S OUTDOOR ADVENTURE Balance Sheet bers in thousands 2017 Cash $480 Accounts Receivable $180 Inventory $2.006 Other Current Assets $85 Total Current Assets $2.751 Other Assets $42 Total Assets $2.793 Current Liabilities $1,330 Long-term Debt $32 Other Liabilities $10 Equity $1,421 2016 $410 $150 $1.940 $80 $2.580 $38 $2.618 $1.090 $50 $5 $1.473 $620 $78 $198 $344 What is the difference in gross margin at Hooper's Outdoor Adventure from 2016 to 2017? Multiple Choice $73,000 $87,000 $75,000 $83,000 $92,000 How much does Hooper's have in total current assets for 2017? Multiple Choice $2,793,000 $2,580,000 $1,421,000 $2,618,000 $2,751,000 What is the net profit margin percent for 2017 for Hooper's Outdoor Adventure? Multiple Choice 9.1% 5.2% 13.2% 7.2% 12.0% What is the operating profit margin (as a percentage of net sales) for Hooper's Outdoor Adventure in 2017? Multiple Choice o 12.0% o 91% o 72% o 13.2% o 5.2% What was Hooper's gross margin percentage in 2016? . Multiple Choice 49.9% 79.0% 50.1% 33.4% 7.4%