Use the following to answer questions 2734 The company reports the following amounts in its December 31 , 20xy income statement: 27. 540 . 700 Determine gross profit: 28. $ 23 3 0 Determine operating expenses: 29.5 Determine Income before income taxes (IBT): 30. $ Determine net income: 31,48 Calculate gross profit ratio (one decimal place) 32. _ \%. Calculate the profit margin (one decimal place) 33. $ Calculate Earnings per Share (rounded to two decimal places) 34: $406 O1 432 If ending inventory consisted of $44,000 and beginning inventory was $36,000 how much inventory was purchased during the year