Use the following to answer the questions Net Sales $925,000 Gross profit $445,000 Beginning inventory $20,000 Purchases $475,000 Operating expense $325,000 Average tax rate Co Cost of goods sold: Ending inventory Operating income: Choose 586,400 1396 $150.000 $20,000 $600,000 $21,600 9396 $450,000 $15.000 $495.000 $425,000 2156 4896 5465,000 $166,500 $480.000 580,100 $120,000 Income tax expense Gross proftratio