Using the Income Statement below, answer the proceeding questions # 1 - # 10. Part 1

All other figures constant, if the tax rate were to decrease by 10%, what would be the Net profit?

All other figures constant, if the gross sales were to decrease by 5%, what would the Net Sales be?

All other figures constant, if the gross sales were to decrease by 5%, what would the Gross Profit be?

All other figures constant, if the gross sales were to decrease by 5%, what would the Net Profit be?

All other figures constant, if the beginning inventory were to increase by 7%, what would the Cost of Goods Sold be?

All other figures constant, if the beginning inventory were to increase by 7%, what would the Gross Profit be?

All other figures constant, if the beginning inventory were to increase by 7%, what would the Net Profit be?

All other figures constant, if the advertising expenses increase by 8%, what would the Total Selling Expenses be?

All other figures constant, if the advertising expenses increase by 8%, what would the Total Operating Expenses be?

All other figures constant, if the advertising expenses increase by 8%, what would the Net Profit Before Taxes be?

Bonus: What is the percent change in Net Profit if the following were to happen?

Tax Rate Decrease by 10%

Gross Sales Decrease by 5%

Beginning Inventory increased by 7%

Advertising Expense increase by 8%